[ISC] Q 24 Redemption of Debenture TS Grewal (2024-25)

Solution of question number 24 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)

Sun Chemicals Ltd. a listed public Limited Company is a manufacturer of chemical fertilisers having turnover of ₹ 50 crore. The company has issued 1,00,000; 10% Debentures of ₹ 100 each at par. Determine the amount of Debentures Redemption Reserve which shall be set aside to meet the requirement of law before redemption of the debentures.

Solution:-

NIL

Listed company are exempted to create DRR for the purpose of Redemption of Debenture.