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Question
A company should at least have
A company should at least have
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Solution
The correct option is B 25%
Under the provision, debenture redemption reserves will be funded by company profits every year until the debentures are redeemed. The reserve is to be created out of the issuer's divisible profits of at least 25% of the face value of debentures issued, before the start of redemption.
Under the provision, debenture redemption reserves will be funded by company profits every year until the debentures are redeemed. The reserve is to be created out of the issuer's divisible profits of at least 25% of the face value of debentures issued, before the start of redemption.
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