What is meant by redemption of debentures out of Profits?
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Redemption of Debentures out of Profits:
Redemption of debenture out of profits implies that an amount equal to the face value of the debentures redeemed is transferred to DRR. Thus, a part of the profits of company are withheld from distribution to shareholders.
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The situation where a debenture holder is able to convert existing debentures into equity shares or new debentures after the expiry of the existing debentures time period is known as the redemption of debentures by conversion.
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