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Is it mendatoryto create a debenture redemption reserve when the company doesn't have profit?
According to the Companies Act in many jurisdictions, a company is required to create a Debenture Redemption Reserve (DRR) only when it has sufficient profits. If a company does not have profits, it is generally not mandatory to create a DRR. However, it is important for companies to adhere to specific regulations applicable in their jurisdiction, as rules may vary. Always consult with a legal or financial advisor for the most accurate guidance.
When to create a Debenture Redemption Reserve?
Most companies retire debentures by issuing another set of debentures, hence, most companies don't park funds for retiring debentures by creating any fund. The bond market will surely get affected negatively by such a move of the ministry of corporate affairs. Section 117C of the Companies Act, 1956, requires every company issuing debentures to create a debenture redemption reserve (DRR) for the redemption of such debentures and transfer an 'adequate' amount from its profits every year to such DRR until the issued debentures are redeemed. Hence, every issue of redeemable debentures requires creation of a DRR. The said Section, however, does not provide the meaning of the word 'adequate'. In the year 2002, the ministry of corporate affairs (MCA) issued a circular clarifying the meaning of 'adequate' and provided the percentage which is mandatorily required to be transferred to DRR by certain class of companies. However, to develop the bonds market, MCA issued another clarification circular on 11 February 2013 (Circular 2013)
When is Cristian's birthday?
on the day of their birth drr :D
How do you play a sport on club penguin?
you play a sport no drr
Why did the king not use the parliament to help rule England?
He is retardedd, drr
How long does an Eveready battery last?
6 hours and 35 minutes
Can Xbox gamers play with PC gamers?
if your really good friends drr
How did the bison slaughter change the lifestyle of the plains indiands?
it wiped out their food supply,drr
What is the birth name of Thomas D?
Thomas D's birth name is Thomas Drr.
The glands of the body make substances that help regulate what body process?
# drr # fejir; # fieo
What kind of health insurance does a fashion designer get from the business?
research it yourself drr that will be the best thind to do.
What adaptations do animals make in the Amazon Rainforest?
yyeess
