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A Company issuing debentures with a matu...

A Company issuing debentures with a maturity period of not more than ......... Need not create Debenture Redemption Reserve.

A

A - 2 months

B

B - 6 months

C

C - 12 months

D

D - 18 months

Text Solution

Verified by Experts

The correct Answer is:
D
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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.