In question 4 of the practical problem , the amount w.r.t debenture redemption reserve investment is encased upto 15% when own debenture is purchased. Why 15% is taken ?
Swathi Krishna
CA Inter
★ 7K+
22-Sep-20 13:23
16
Answers (2)
15% is limit for investment. Once debentures are redeemed, this investment is no longer required.