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CRR clarification

This query is : Resolved 
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(Querist)
31 July 2008 Before redeeming debentures CRR is created equal to the amount required to redeem the debentures.

Please let me know :

1)Should the CRR is to be reversed after redemption?


2)If the answer to above is "No", let me know for what al purposes CRR can be utilised.


Kindly QUOTE SECTION of companies Act.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
01 August 2008 Section 117C
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