[ISC] Q 6 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 6 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Prakash Housing Finance Ltd., a listed HFC has outstanding 5,000, 9% Debentures of ₹ 1,000 each redeemable at par on 31st January, 2022. How much amount it should transfer to Debenture Redemption Reserve before the redemption of debentures?

Solution:-

NIL

Housing Finance Corporation (listed or unlisted) are not required to create DRR for the purpose of Redemption of Debenture.

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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