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Question 2 Chapter 10 of Class 12 Part – 2 – 2024
Tata Ltd. had issued on 1st April, 2015, 20,000 11% Debentures of 100 each redeemable by draw of lots as under.
(i) During the year ending on 31st March, 2017-25%
(ii) During the year ending on 31st March, 2018-15%
(iii) During the year ending on 31st March, 2019-15%
(iv) During the year ending on 31st March, 2020-25%
(v) During the year ending on 31st March, 2021-20%.
How much minimum investment or deposit should be made by Tata Ltd. as per the Companies Act, 2013 before redemption of debentures? When should it be made?
We are providing a solution of Question 2 Chapter 10 of Class 12 Part – 2 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:
The video consists solution of question numbers from 1 to 5 Chapter no. 10 class 12 of Usha publication. To check the direct solution of question no. 2 from the following video by using time stamps of the video.
| Lot No. | Date of Redemption |
Amount of Debentures Redeemed (No. of Debentures x Face value) |
Date of DRI when required |
₹ Amount of DRI @15% of face value |
|---|---|---|---|---|
| (i) | 31st Mar. 2017 | ₹ 20,00,000 x 25% = ₹ 5,00,000 | 31st Apr. 2016 | ₹ 5,00,000 x 15% = ₹ 75,000 |
| (ii) | 31st Mar. 2018 | ₹ 3,00,000 | 31st Apr. 2017 | ₹ 45,000 |
| (iii) | 31st Mar. 2019 | ₹ 3,00,000 | 31st Apr. 2018 | ₹ 45,000 |
| (iv) | 31st Mar. 2020 | ₹ 5,00,000 | 31st Apr. 2019 | ₹ 75,000 |
| (v) | 31st Mar. 2021 | ₹ 4,00,000 | 31st Apr. 2020 | ₹ 60,000 |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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