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Showing posts with the label Redemption of Debentures

iPhone 16 Series All Details & Leaks Are Here! AI, New Button, Big Display...

Unlocking the Secrets: iPhone 16 Series Revealed! AI, New Buttons, and Big Displays Unveiled! Are you eagerly awaiting the next big release from Apple? Brace yourself for the iPhone 16 series, where innovation meets anticipation. In this article, we'll delve into all the exciting details and leaks surrounding this highly anticipated release. AI Integration  One of the most buzzed-about features of the iPhone 16 series is its enhanced AI capabilities. With advanced algorithms and machine learning, these phones promise to deliver a smarter, more intuitive user experience. From personalized recommendations to seamless voice commands, get ready to interact with your device like never before. New Button Dynamics Say goodbye to the conventional button layout! The iPhone 16 series is rumored to introduce a new button configuration that enhances functionality and usability. With the addition of an action button, users can expect quicker access to their favorite features and applications, m

Ts grewal practical problems of Redemption of Debentures (2023-2024)

  Redemption of Debentures   Ts grewal solution   volume-2 (2023-2024):part-1 Page No 10.40: Question 1: Star Ltd. is a  manufacturer of chemical fertilisers. Its annual turnover is ` 50 crores. The company had issued 5,000, 12% Debentures of ` 500 each at par. Calculate the amount of Debentures Redemption Reserve which needs to be created to meet the requirements of law. Answer: Amount required to be transferred to DRR=25% of Face value of Debentures=25% of Rs 25,00,000=Rs 6,25,000 Page No 10.40: Question 2: Young India Ltd. had issued  following debentures: (a) 1,00,000, 10% fully convertible debentures of ` 100 each on 1st April, 2016 redeemable by conversion after 5 years. (b) 20,000, 10% Debentures of ` 100 each redeemable after 4 years , 25% Debentures in Cash and 75% by conversion. State the amount of DRR required to be created as per the Companies Act,2013. Answer: (a) There is no need for creation of DRR because these debentures are fully convertible. (b) DRR would be created