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?
Option 1: On or Before 30th April,2016 and RS 45,000
Option 2: On or before 30 April 2017 and Rs 75,000
Option 3: On or before 30 April 2018 And Rs 75,000
Option 4: None of the above
Correct Answer: On or before 30 April 2017 and Rs 75,000
Solution : Answer = On or before 30 April 2017 and Rs 75,000
Before 30th April 2017 25% of Rs. 20,00,000 = Rs. 5,00,000
15% of Rs. 5,00,000 = Rs.75,000
Hence, the correct option is 2.