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Question
Draft a letter to the debentureholder informing him about the redemption of debentures.
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Solution
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HULK MOTORS LTD. Registered office: Plot No. 05, Commercial Towers, P.K. Road, |
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| Phone: 022 12345678 Fax: 022 - 11112222 Ref. No.: C/2060/20-18 |
Website: www.hulkmotors.in Email: [email protected] Date: 17th Oct, 2020 |
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Mr. John Methiw Sub: Redemption of Debentures Dear Sir, This is to inform you that 100000, 10% Non-convertible Debentures issued in June, 2015 are due for redemption on 15th June, 2020. According to Board Resolution No. 1234, passed at the Board Meeting held on 8th June, 2020, debentures shall be redeemed out of the company's ‘Debenture Redemption Reserve Fund’. Please arrange to submit the enclosed ‘Debenture Redemption Form’ along with the original Debenture Certificate to the company, on or before 3rd July, 2020 On completion of the above formalities, the redemption amount will be credited to your bank account. You are requested to provide us your Bank Account details. Thanking You, Yours Faithfully, Sign. Encl: Debenture Redemption Form |
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