the following in an extract of balance sheet of alpha Ltd. Equity share capital50000 equity share of Rs.10 each. 10% debentures capital 20000 debentures of Rs 10 each .
on 21st April 2018the board of directors decided to buy back 5000 equity share for which they would call extra - ordinary general meeting.In the year 2016 ,the company has defaulted in payment of interest on secured loan to bank accounted to Rs.25 crore which was rediemed in the year 2017 . comment on the above situation.
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Equity share capital50000 equity share of Rs.10 each. 10% debentures capital 20000 debentures of Rs 10 each .
on 21st April 2018the board of directors decided to buy back 5000 equity share for which they would call extra - ordinary general meeting.In the year 2016 ,the company has defaulted in payment of interest on secured loan to bank accounted to Rs.25 crore which was rediemed in the year 2017.
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