[ISC] Q 13 Redemption of Debenture TS Grewal (2024-25)
Solution of question number 13 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)
Galaxy Finance Ltd., a listed NBFC, had issued on 1st April, 2019, 20,000, 12% Debentures of ₹ 100 each redeemable by draw of lots as under:
| During the year ended on 31st March, 2020 | 15% |
| During the year ended on 31st March, 2021 | 25% |
| During the year ended on 31st March, 2022 | 15% |
| During the year ended on 31st March, 2023 | 25% |
| During the year ended on 31st March, 2024 | 20% |
How much should be the minimum investment or deposit in specified securities as per Companies Act, 2013 before redemption of debentures? When should it be made?
Solution:-
