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
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