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Indian Companies Act of 1956 added during an amendment in the year 2000. It states Indian company that issues debentures must offer debenture redemption service to protect investors against the possibility of company default. If a company does not create a reserve within 12 months of issuing the debentures, they will be required to pay 2 percent interest in penalty to the debenture holders. Only debentures that were issued after the amendment in 2000 are subject to the debenture redemption service.
70 percent
In general, yes.
49
25 PERCENT
4%
49%
49%
$3.00
The current yearly rate comes out to be 7.2 percent.
This statement is correct.
85%