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As per SEBI Guidelines an amount equal t...

As per SEBI Guidelines an amount equal to ........ Of the debenture issue must be transferred to Debenture Redemption Reserve before redemption begins.

A

A - 0.25

B

B - 0.8

C

C - 0.5

D

D - 1

Text Solution

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The correct Answer is:
C
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What is Debentures Redemption Reserve (DRR)?

Nirbhai Chemicals Ltd. Issued RS. 10,00,000 , 6% Debentures of Rs. 50 each at a premium of 8% on 30th june, 2018 redeemable on 30th June, 2019. The issue was fully subcribed. Pass Journal entries for issue and redemption of debentures. How much amount should be transferred. to Debentures Redemption Reserve before redemption of debentures ? Also, state how much amount should be invested in specified securities ?

Knowledge Check

  • Amount is set aside to Debentures Redemption Reserve (DRR) by

    A
    All the companies
    B
    All companies except Banking Company
    C
    All companies except All India Financial Institutions regulated by RBI
    D
    All companies except Banking Company and All India Financial Insititutions regulated by RBI

  • Amount is not set aside to Debenture Redemption Reserve (DRR) if

    A
    The debentures are not convertible
    B
    The debentures are partly convertible
    C
    The debentures are fully convertible
    D
    None of these

  • Amount is not set aside to Debenture Redemption Reserve (DRR) if

    A
    The debentures are not convertible.
    B
    The debentures are partly convertible.
    C
    The debentures are fully convertible.
    D
    None of these.

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    What does a company create 'Debentures Redemption Reserve'?

    According to the guidelines issued by Securities and Exchange Board of India (SEBI) what percentage of the amount of debentures must be transferred to 'Debentures Redemption Reserve' before the commencement of redemption of debentures, in case of convertible debentures?

    According to the guideliness issued by Securities and Exchange Board of India (SEBI) what percentage of the amount of debentures must be transferred to 'Debentures Redemption Reserve' before the commencement of redemption of debentures, in case of convertible debentures?

    Once the debentures are redeemed, amount of Debenture Redemption Reserve (DRR) is transferred to

    Once the debentures are redeemed, amount of Debenture Redemption Reserve (DRR) is transferred to

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