Question

Where debentures are issued by a company, the company shall create a debenture redemption reserve account_______________

A Out of the profits of the company available for payment of dividend
B Amount credited may be utilized by the company for such use as the Board of Directors may decide
C Amount credited shall not be utilized by the company except for the redemption of debentures
D Both a & b
E Both a & c
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RBI Grade B 2026 Phase 1 Memory Based Paper
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