Star Ltd. Is a manufacturer of chemical ...

Star Ltd. Is a manufacturer of chemical fertilisers. Its annual turnover is Rs. 50 crores. The company had issued 5,000, `12%` Debentures of Rs. 500 each at par. Calculate the amount of Debentures Redemption Reserve which needs to be created to meet the requirements of law.

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The correct Answer is:

Required DRR = Rs. 6,25,00.

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