Question : During the year ending on 31st March, 2017 — 15% What should be the minimum investment or deposit by Universal Ltd. to meet the requirements of the Companies Act, 2013 and Rules before the redemption of debentures and When?
Option 1: On or Before 30th April, 2016 and Rs 45,000
Option 2: On or before 30 April 2017 and Rs 45,000
Option 3: On or before 30 April 2018 and Rs 30,000
Option 4: None of the above
Correct Answer: On or Before 30th April, 2016 and Rs 45,000
Solution : Answer = On or Before 30th April 2016 and RS 45,000
On or Before 30th April 2016
15% of Rs. 20,00,000 = Rs. 3,00,000 15% of Rs. 3,00,000 = Rs. 45,000 Hence, the correct option is 1.
Question : During the year ending on 31st March, 2021 — 20%. What should be the minimum investment or deposit by Universal Ltd. to meet the requirements of the Companies Act, 2013 and Rules before the redemption of debentures and When?
Question : During the year ending on 31st March 2018 — 25%What should be the minimum investment or deposit by Universal Ltd. to meet the requirements of the Companies Act, 2013 and Rules before the redemption of debentures and When?
Question : L, B and P were partners sharing profits and losses in the ratio of 4: 3: 2. P died on 1st July 2019 on which date the capitals of L, B and P after all necessary adjustments stood at Rs. 75,000; Rs. 65,000 and Rs. 45,000 respectively. L and B continued to carry on the business
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