Question : Hindustan Housing Finance Ltd., an unlisted company, has outstanding 20,000, 8% Debentures of Rs. 100 each redeemable at a premium of Rs. 10 each. Out of these, 5,000 debentures are to be redeemed on 31st December, 2020. Debentures Redemption Reserve should be
Option 1: Rs. 1,37,500
Option 2: Rs. 2,50,000
Option 3: Nil
Option 4: Rs. 3,50,000
Answer (1)
19th Jan, 2024
Correct Answer: Nil
Solution : Answer = Nil.
Housing Finance Companies (HFCs) registered with National Housing Bank; Other Listed Companies DRR is not required.
Hence, the correct option is 3.
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