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12y ago

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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)


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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


What is the birth name of Thomas D?

Thomas D's birth name is Thomas Drr.


How did the bison slaughter change the lifestyle of the plains indiands?

it wiped out their food supply,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


What does that mean if a guy goes and sits right in front of you and can't stop turning left and right to peek at you when you've stared at him a few months ago?

he likes you! :) drr