What are the provisions regarding creation and adequacy of debenture redemption reserve (DRR) in each of the following cases: (iii) Other companies including manufacturing and infrastructure companies.

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: (iii) Other companies including manufacturing and infrastructure companies.

Answer & Explanation:

Other companies including manufacturing and infrastructure companies, the adequacy of DRR will be as follows: For Listed company: 25% of the value of debentures issued through public issue or private placed debentures For unlisted company: 25% of the value of debentures on private placement basis

Topics: Company Accounts

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic