[ISC] Q 5, 6 Redemption of Debenture TS Grewal (2026-27)
Solution of question number 5 and 6 of Redemption of Debenture Ts Grewal class 12 ISC Board (2026-27)
Q. 5. Sagar Housing Finance Ltd., a listed HFC has outstanding 5,000, 9% Debentures of ₹ 1,000 each redeemable at par on 31st January, 2022. How much amount it should transfer to Debenture Redemption Reserve before the redemption of debentures?
Solution:-
NIL
Housing Finance Corporation (listed or unlisted) are not required to create DRR for the purpose of Redemption of Debenture.
Q. 6. State Bank of India has 6,000, 7% Debentures of ₹ 1,000 each outstanding for redemption. How much amount it should transfer to Debenture Redemption Reserve?
Solution:-
NIL
Banking companies (both public issue and private placement of debentures) are not required to create DRR for the purpose of Redemption of Debentures.
