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?
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 2020 and Rs 60,000
Option 4: None of the above
Correct Answer: On or before 30 April 2020 and Rs 60,000
Solution : Answer = On or before 30 April 2020 and Rs 60,000
On or Before 30th April 2020
20% of Rs. 20,00,000 = Rs. 4,00,000
15% of Rs. 4,00,000 = Rs.60,000 Hence, the correct option is 3.
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 : 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?
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
Question : The amount of Securities Premium Reserve Account is utilised for the purposes specified in Section 52(2) of the Companies Act, 2013. The purposes for which Securities Premium Reserve can be used are:
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