WorksheetsREDEMPTION OF DEBENTURES
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
AS PER SEBI GUIDELINES AN AMOUNT EQUAL TO ___________ OF THE DEBENTURES ISSUE MUST BE TRANSFERRED TO DEBENTURE REDEMPTION RESERVE BEFORE REDEMPTION BEGINS.
a)
50%
b)
25%
c)
80%
d)
100%
2.
X LTD WANTS TO REDEEM 5000, 5% DEBENTURES OF RS.100 EACH AT PREMIUM . HOW MUCH AMOUNT IT MUST TRANSFER TO DRR IF IT HAS ALREADY A BALANCE OF RS 1,00,000 IN DRR A/C?
a)
RS 4,00,000
b)
RS 25,000
c)
RS 2,00,000
d)
RS 2,50,000
3.
WHERE IS DEBENTURE REDEMPTION RESERVE TRANSFERRED AFTER THE REDEMPTION OF ALL DEBENTURES
a)
CAPITAL RESERVE A/C
b)
GENERAL RESERVE A/C
c)
STATEMENT OF PROFIT AND LOSS
d)
SINKING FUND ACCOUNT
4.
PROFIT ON REDEMPTION OF DEBENTURE IS TRANSFERRED TO WHICH ACCOUNT
a)
CAPITAL RESERVE ACCOUNT
b)
GENERAL RESERVE ACCOUNT
c)
SINKING FUND ACCOUNT
d)
STATEMENT OF P&L ACCOUNT
5.
DEBENTURES CAN BE REDEEMED....
a)
BY ISSUE OF NEW SHARES
b)
BY EXISTING RESOURCES
c)
BY ACCUMULATED PROFITS
d)
BY ALL THE ABOVE
6.
DEBENTURES CAN BE REDEEMED....
a)
BY ANNUAL DRAWINGS
b)
BY PURCHASE IN THE OPEN MARKET
c)
BY CONVERSION
d)
BY ALL THE ABOVE
7.
PROFIT ON CANCELLATION OF OWN DEBENTURES IS
a)
REVENUE PROFIT
b)
CAPITAL PROFIT
c)
OPERATING PROFIT
d)
TRADING PROFIT
8.
WHICH OUT OF THE FOLLOWING IS NOT A METHOD OF REDEMPTION OF DEBENTURE
a)
BY DRAW OF LOTS
b)
BY PURCHASE IN THE OPEN MARKET
c)
BY REVALUATION METHOD
d)
BY CONVERSION
9.
WHICH COMPANIES ARE EXEMPTED FROM CREATING DEBENTURE REDEMPTION RESERVE BY SEBI ?
a)
INFRASTRUCTURE COMPANIES
b)
FINANCIAL INSTITUTION AND BANKING COMPANIES
c)
PRIVATE COMPANY
d)
MULTINATIONAL COMPANY
10.
HOW MUCH AMOUNT OF DEBENTURE REDEMPTION RESERVE WILL BE CREATED IN CASE OF REDEMPTION OF DEBENTURE BY CONVERSION
a)
25%
b)
50%
c)
NIL AMOUNT
d)
100%
11.
X LTD REDEEMED 6,000 , 8% DEBENTURES OF RS 100 EACH AT 105% BY CONVERTING THEM INTO EQUITY SHARES OF RS 10 EACH AT RS 12. STATE THE NO. OF EQUITY SHARES ISSUED?
a)
52,500
b)
55,000
c)
51,500
d)
56,500
12.
AS PER WHICH RULE/ SECTION OF CO. ACT EVERY COMPANY IS REQUIRED TO CREATE DRR AND SHALL BEFORE 30TH APRIL OF THE YEAR DEPOSIT OR INVEST OUTSIDE.
a)
18(7)D
b)
18(7)C
c)
22(7)C
d)
19(7)C
13.
WHAT % OF AMOUNT AS PER RULE 18(7)C OF CO.ACT SHOULD INVEST OR OUTSIDE BEFORE 30TH APRIL OF EACH YEAR
a)
25%
b)
15%
c)
50%
d)
10%
14.
IF A COMPANY HAS DECIDED TO REDEEM ITS DEBENTURE TOTALLY OUT OF PROFITS THEN HOW MUCH AMOUNT WILL BE TRANSFERRED TO DEBENTURE REDEMPTION RESERVE A/C?
a)
25%
b)
50%
c)
100%
d)
NO AMOUNT
15.
ACCORDING TO WHICH SECTION OF COMPANIES ACT 2013 AND THE SEBI GUIDELINES AN AMOUNT OF 25 % OF THE FACE VALUE OF DEBENTURE TO BE REDEEMED IS TO BE TRANSFERRED TO DRR A/C?
a)
75(4)
b)
71(4)
c)
72(4)
d)
70(4)
100 %
