Question

SRCC Ltd. has issued on 1st April, 2017, 20,000, `12%` debentures of Rs. 100 each redeemable by draw of lots as under :
`{:("During the year ended on 31st March, 2018",,:,15%),("During the year ended on 31st March, 2019",,:,25%),("During the year ended on 31st March, 2020",,:,15%),("During the year ended on 31st March, 2021",,:,25%),("During the year ended on 31st March, 2022",,:,20%):}`
How much minimum investment should be made by SRCC Ltd. as per Companies Act, 2013 before redemption of debentures ? When should it be made ?

Answer 1

Answer:

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