Neptune Ltd., an unlisted manufacturing company has to redeem its 3,000, 7% Debentures of ₹ 100 each on 30th September, 2022. As per the provisions of the Companies Act, 2013, on which date should the company invest in specified securities?

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KollegeApply · Accepted Answer

On or before 30th April, 2022 Explanation: Every company required to create a Debenture Redemption Reserve must, on or before the 30th day of April each year in which the redemption of debentures is due, invest or deposit at least 15% of the amount of debentures maturing during the year in specified instruments.

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