What are the provisions regarding creation and adequacy of debenture redemption reserve (DRR) in each of the following cases: (i) All India public financial institutions regulated by Reserve Bank of India and banking com
CS Executive · Company Accounts & Auditing Practices · PYQS · June 2016
What are the provisions regarding creation and adequacy of debenture redemption reserve (DRR) in each of the following cases: (i) All India public financial institutions regulated by Reserve Bank of India and banking company.
Answer & Explanation:
In the given case, Debenture Redemption Reserve (DRR) shall be created in accordance with the following conditions: No DRR is required for debentures issued by All India Financial Institutions (AIFIs) regulated by Reserve Bank of India and Banking Companies.
Topics: Company Accounts
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