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Debenture Redemption Reserve

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(Querist)
28 December 2010 Hi Expert..
Whether a Company needs to create Debenture Redemption Reserve(DRR) while the company issuing debenture to public. Now my doubt is the company suffering loses so it required to Create DRR.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
02 January 2011 yes DRR creation is compulsory in case of issue of debenture. In case of loss no transfer to DRR.
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