Question

According to SEBI guidelines, what percentage of the amount of debentures must be transferred to Debenture Redemption Reserve, before the commencement of redemption of debentures, in the case of convertible debentures?

Options

• 25%

• 50%

• 100%

• Zero

Answer 1

Zero

Explanation:

In the event of convertible debentures, SEBI guidelines state that the amount of debentures must be transferred to the Debenture Redemption Reserve before the debentures are redeemed.