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What does a company need to do if the issue is greater than Rupees 100 crore?
Reserve bank issue under the denominations, includes the issue of rupees and all the Non Bank Finance Companies (NBFCs) are also come under Reserve Bank of India, and also the need to do the issue which is greater than Rupees 100 crore are subject to the financial standards, which can be reported the requirements which will be considered as fair practice. The company which has to also maintain records and see that the system is robust and can be taken further without any complications.
What does a company have to do if the issue of debentures has a maturity period of 18 months?
If the issue of debentures has a maturity period of 18 months then the company has to remove all the creation of Debenture Redemption Reserve (DRR) account which has not been provided under the company’s guidelines or rules. The company is not allowed to make any public issue or right issue until it has one or more debenture trustees which comes under the SEBI guidelines as it is needed and required when the maturity period is of 18 months or more.
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