Where the subscribed debentures are less than the issue of debentures, it is a case of ___________.
over subscription
under subscription
Can't say
None of these
Where the subscribed debentures are less than the issue of debentures, it is a case of under subscription.
A limited company issued ₹ 1,00,000, 9% Debentures at a discount of 6% on 1st April, 2017. These debentures are to be redeemed equally, spread over 5 annual instalments.