Effective date for debenture interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2014
Hi,
XYZ Pvt. Ltd. received debtenture money on 1st December. Allotment was done on 2nd December. What shall be the effective date for calculation of debenture interest?
A. The date of receipt of money
B. The date of allotment
XYZ Pvt. Ltd. received debtenture money on 1st December. Allotment was done on 2nd December. What shall be the effective date for calculation of debenture interest?
A. The date of receipt of money
B. The date of allotment
10 January 2014
should depend on the terms of the debenture agreement. logically it should be from the date of allotment.
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