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As per SEBI Guidelines in case of an unlisted company, an amount equal to ______ of the debentures outstanding must be transferred to Debenture Redemption Reserve before redemption begins. - Accounts

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Question

As per SEBI Guidelines in case of an unlisted company, an amount equal to ______ of the debentures outstanding must be transferred to Debenture Redemption Reserve before redemption begins.

Options

  • 25%

  • 50%

  • 10%

  • 100%

MCQ
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Solution

As per SEBI Guidelines in case of an unlisted company, an amount equal to 10% of the debentures outstanding must be transferred to Debenture Redemption Reserve before redemption begins.

Explanation:

As per SEBI Guidelines, in the case of unlisted companies (other than NBFCs and HFCs), an amount equal to 10% of the debentures outstanding must be transferred to the Debenture Redemption Reserve (DRR) before the redemption begins.

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Chapter 8: Company Accounts - Redemption of Debentures - OBJECTIVE TYPE QUESTIONS [Page 8.47]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 8 Company Accounts - Redemption of Debentures
OBJECTIVE TYPE QUESTIONS | Q (A) 1. | Page 8.47
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