[ISC] Q 3 Redemption of Debenture TS Grewal (2023-24)

Solution of question number 3 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Samsung Ltd., which is an unlisted company and not a NBFC or HFC, had issued following debentures:

(a) 1,00,000, 10% fully convertible debentures of ₹ 100 each on 1st April, 2018 redeemable by conversion into shares after 5 years.

(b) 20,000, 10% Debentures of ₹ 100 each redeemable after 4 years, 25% of the debentures are to be redeemed by payment and balance by conversion into new debentures.

How much amount it shall transfer to DRR as per the Companies Act, 2013?

Solution:-

(a) DRR is not required in the redemption of convertible debentures.

(b) DRR = 10% of (20,00,000 * 25%)

DRR = ₹ 50,000

DRR is to be created for the non-convertible part of the debentures outstanding.

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

S.N	Questions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Questions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
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16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

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21	Question – 21
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24	Question – 24
25	Question – 25
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28	Question – 28
29	Question – 29
30	Question – 30

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31	Question – 31
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36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40

S.N	Questions
41	Question – 41
42	Question – 42
43	Question – 43
44	Question – 44
45	Question – 45
46	Question – 46
47	Question – 47
48	Question – 48
49	Question – 49
50	Question – 50

S.N	Questions
51	Question – 51
52	Question – 52
53	Question – 53
54	Question – 54
55	Question – 55