[ISC] Q 14 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 14 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Galaxy Finance Ltd., a listed NBFC, had issued on 1st April, 2018, 20,000, 12% Debentures of ₹ 100 each redeemable by draw of lots as under:

During the year ended on 31st March, 201915%
During the year ended on 31st March, 202025%
During the year ended on 31st March, 202115%
During the year ended on 31st March, 202225%
During the year ended on 31st March, 202320%

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:-

Here is the list of all Solutions of Redemption of Debenture of TS Grewal class 12 ISC Board 2023-24.

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Anurag Pathak

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