✓ Board-verified
Accountancy · 2025 · 1 mark
CBSE 2025 · Region 4 · Set 3 · Q16
On 1st April, 2024, Bright Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 10%. Loss on issue of…
On 1st April, $\displaystyle 2024$, Bright Ltd. issued $\displaystyle 20,000$, $\displaystyle 11$% debentures of ₹ $\displaystyle 100$ each at a premium of $\displaystyle 10$%, redeemable at a premium of $\displaystyle 10$%. Loss on issue of debentures was :
Minimum subscription for allotment of shares as per Securities and Exchange Board of India (SEBI) guidelines cannot be less than $\displaystyle 90$% of __________ capital.
Official answer
(a) → (A)
(b) → (B)
Marking-scheme solution
(A)
₹$\displaystyle 2,00,000$
OR
(b)
Q. Minimum Subscription for allotment of shares ………………………….
Ans. (B) - Issued
All Issue and Redemption of Debentures questions2025 question paperPractice Issue and Redemption of Debentures →
More from Issue and Redemption of Debentures
- Maharaja Ltd. took over assets of ₹ 15,00,000 and liabilities of ₹ 2,00,000 of Dolphin Ltd. for an agreed purchase consideration of ₹ 12,60,000. It…2024
- Debentures which can be transferred by way of delivery and the company does not keep any record of the debentureholders are called:2025
- Sinco Ltd. purchased assets of the book value of ₹ 1,98,000 from Dixon Ltd. It was agreed that the purchase consideration be paid by issuing 10%…2023
- On 1st April, 2022, Mega Ltd. issued 30,000, 10% Debentures of ₹ 100 each at a discount of 10%. The total amount of interest due on debentures for…2024
- Satnam Ltd. purchased Building worth ₹ 5,00,000, Plant worth ₹ 4,60,000 and Furniture worth ₹ 2,20,000 from Gurnam Ltd. for a purchase consideration…2022
- Shivalik Ltd. issued 7% debentures of 2 100 each at a discount of 5% on 1st April, 2023. Discount on issue of debentures, ₹ 1,00,000 was completely…2025
- The debentures which do not carry a specific rate of interest are called:2024
- Debentures in respect of which all details including names, addresses and particulars of holding of the debenture holders are entered in a register…2025
CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.