# [ISC] Q 15 Redemption of Debenture TS Grewal (2023-24)

Solution of question number 15 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

On 1st April, 2021 Moon Ltd., a listed company, issued 10,000, 10% Debentures of ₹ 100 each at par redeemable at 5% premium in four equal annual instalments beginning 30th June,2022. How much Investment should be made by the company as per the provisions of Companies Act, 2013 before redemption of debentures?

Also state when should it be made and when realised.

Solution:-

Amount of DRI before redemption of 1st installment

10,00,000/4 = 2,50,000 ✕ 15% = ₹ 37,500

Time of Investment = on or before 30th April, 2022.

It shall be realised at the time of last redemption, i.e., on 30th June, 2025.

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

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