Emm Ess Ltd. issued 10,000, 10% Debentures of 100 each at a discount of 10% on 1st April, 2017. The
debentures were redeemable after 5 years at a premium of 10%. The amount was payable along with
application. Interest was payable half-yearly. Applications were received for 15,000 debentures.
Allotment was made to applicants for 10,000 Debentures and rest were sent letters of regret. Tax is
deducted at source (TDS) @ 10%.
10%.
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Explanation:
Some human activities such as deforestation, over grazing, mining and quarrying too have contributed significantly in land egradation. Mining sites are abandoned after excavation work is complete leaving deep scars and traces of over-burdening.
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