Query on Financial instrument treatment under ind-As
pagal bachha (Student CA Final ) (27 Points)
13 February 2019Need your guidance for treatment under IND-AS for below query :
A limited issue 100 14% Optionally convertible debentures having face value of 1000 each for a period for 3 year to B limited
Interest is to be paid on semi-annually basis subject availability of funds in Co.
Co. Is taking 8% for fair valuation.
Debentures to be redeemed or converted into 100 equity shares at the end of 3 year at the option of B limited.