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    Question

    According to RULE 18(7)(C) of the Companies (Share

    Capital and Debentures) Rules, 2014, every company required to create/maintain debenture redemption reserve shall before the 30th day of April of each year deposit or invest at least _____ of the amount of its debentures maturing during the year ending on the 31st day of March next year.
    A 10% Correct Answer Incorrect Answer
    B 15% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 5% Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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