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XYZ Ltd. issues Rs. 22,500 12% debentures of Rs. 100 each payable as follows Application = 30 and the remaining on allotment. The public applied for 20250 debentures which were fully allotted and all the relevant allotment money duly received.?
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XYZ Ltd. issues Rs. 22,500 12% debentures of Rs. 100 each payable as f...
Explanation of XYZ Ltd. issuing 12% debentures:


  1. Debentures issued: XYZ Ltd. issued Rs. 22,500 12% debentures of Rs. 100 each.

  2. Payment schedule: The payment was to be made in two installments - application money of 30% and the remaining on allotment.

  3. Public application: The public applied for 20250 debentures.

  4. Allotment: All applied debentures were fully allotted to the public.

  5. Allotment money: All the relevant allotment money was duly received by XYZ Ltd.



Conclusion: The public applied for 20250 debentures and all were fully allotted. The relevant allotment money was duly received by XYZ Ltd.
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XYZ Ltd. issues Rs. 22,500 12% debentures of Rs. 100 each payable as f...
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XYZ Ltd. issues Rs. 22,500 12% debentures of Rs. 100 each payable as follows Application = 30 and the remaining on allotment. The public applied for 20250 debentures which were fully allotted and all the relevant allotment money duly received.?
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