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Companies issued debentures in recent year?
1) Muthoot Finances announced the issue of Non-convertible Debentures for Rs 150 cr. 2) Reliance capital issued Rs 500 cr Non-convertible debentures. 3) Shriram Transport Finances announced the launch of its second secured redeemable non-convertible debentures issue to raise Rs 500 cr. 4) Tata Global Beverages said it raised Rs 325 cr in private placement of debentures.
When to create a Debenture Redemption Reserve?
Most companies retire debentures by issuing another set of debentures, hence, most companies don't park funds for retiring debentures by creating any fund. The bond market will surely get affected negatively by such a move of the ministry of corporate affairs. Section 117C of the Companies Act, 1956, requires every company issuing debentures to create a debenture redemption reserve (DRR) for the redemption of such debentures and transfer an 'adequate' amount from its profits every year to such DRR until the issued debentures are redeemed. Hence, every issue of redeemable debentures requires creation of a DRR. The said Section, however, does not provide the meaning of the word 'adequate'. In the year 2002, the ministry of corporate affairs (MCA) issued a circular clarifying the meaning of 'adequate' and provided the percentage which is mandatorily required to be transferred to DRR by certain class of companies. However, to develop the bonds market, MCA issued another clarification circular on 11 February 2013 (Circular 2013)
Can one get tax deduction under 80C for term deposits with Non Banking Finance Companies?
No. Only certain special Fixed Deposit schemes of 5 year tenure issued by commercial banks in India are eligible for 80C deduction.
Can the yield on a 3-year treasury bond exceed the yield on a 10-year treasury bond?
Yes, three different situations that I can think of: The 3-year and 10-year notes were issued on the same day, then the yield curve was inverted and short term rates were higher than long term rates. If the 3-year and 10-year notes were issued at different times, at the time the 3-year treasury note was issued, prevailing 3-year interest rates were higher than the 10-year rates at the time the 10-year was issued. If for some reason, the market vastly prefers 10-year terms over 3-year terms, and bids up the price of 10-year notes much higher than 3-year notes. This would depress the yield on 10-year notes, possibly below that of 3-year notes.
Is there any validity period for solvency certificate issued by a nationalised banks?
1 year
Companies issued debentures in recent year?
1) Muthoot Finances announced the issue of Non-convertible Debentures for Rs 150 cr. 2) Reliance capital issued Rs 500 cr Non-convertible debentures. 3) Shriram Transport Finances announced the launch of its second secured redeemable non-convertible debentures issue to raise Rs 500 cr. 4) Tata Global Beverages said it raised Rs 325 cr in private placement of debentures.
Issued debentures by Mahindra and mahindra?
which year mahinra and mahindra issue debenture
When to create a Debenture Redemption Reserve?
Most companies retire debentures by issuing another set of debentures, hence, most companies don't park funds for retiring debentures by creating any fund. The bond market will surely get affected negatively by such a move of the ministry of corporate affairs. Section 117C of the Companies Act, 1956, requires every company issuing debentures to create a debenture redemption reserve (DRR) for the redemption of such debentures and transfer an 'adequate' amount from its profits every year to such DRR until the issued debentures are redeemed. Hence, every issue of redeemable debentures requires creation of a DRR. The said Section, however, does not provide the meaning of the word 'adequate'. In the year 2002, the ministry of corporate affairs (MCA) issued a circular clarifying the meaning of 'adequate' and provided the percentage which is mandatorily required to be transferred to DRR by certain class of companies. However, to develop the bonds market, MCA issued another clarification circular on 11 February 2013 (Circular 2013)
What are Redeemable debentures?
Redeemable debentures are those securities which are to be repaid within a stipulated period / maturity period. For instance, X co issued 9% 7 years $ 1000 Debentures. This issue of debentures has coupon rate of 9% per year and redeemable period of 7 years. The amount raised by issuing thses debentures are to be repaid within 7 years from now.
What are the reasons for the creation of debenture redemption reserve fund?
Indian Companies Act of 1956 added during an amendment in the year 2000. It states Indian company that issues debentures must offer debenture redemption service to protect investors against the possibility of company default. If a company does not create a reserve within 12 months of issuing the debentures, they will be required to pay 2 percent interest in penalty to the debenture holders. Only debentures that were issued after the amendment in 2000 are subject to the debenture redemption service.
Can debentures be encashed?
Debentures can be encashed. However, if this is done prior to maturity but after one year, the owner will be required to pay capital gains tax on the return.
The buying and selling of previously issued government bonds is?
Completely legal and done all the time. The biggest secondary market for US Government debentures is in 30-year bonds; the short-term stuff gets bought and held until maturity.
Are poptarts nutritious I like poptarts but wonder if they are good for you?
In a recent study, poptarts were issued to Derek Bush every day for a year and it seems his genetilia fell off.
In what year was the first postage issued in Paris?
In what year was the first postage issued in Paris?"
A recent survey shows that of the North American companies surveyed engaged in eleven or more change initiatives within a five-year period?
42%
Is redeemable debentures a current liability?
If they are due to be redeemed within the year then yes, otherwise they would be non-current liabilities.
Who can qualify for a graduate job position?
Students and recent graduates qualify for graduate job positions. Many companies seek these eager employees each year in order to be the first to mold and train them to suit their companies needs. Both employees and the companies bennifit from these hires.
