SRCC Ltd. has issued on 1st April, 2016, 20,000, 12%
Debentures of Rs 100 each redeemable by draw of lots as under:
During the year ended on 31st March, 2017 – 15 %
During the year ended on 31st March, 2018 – 25 %
During the year ended on 31st March, 2019 – 15 %
During the year ended on 31st March, 2020 – 25 %
During the year ended on 31st March, 2021 – 20 %
How much minimum investment or *** should be made by SRCC Ltd. as per Companies Act, 2013 before redemption of debentures? When should it be made ?
