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According to Company Act, 2013- Section -17(4) and Rule 18(7) which type of companies debenture

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According to Company Act, 2013- Section -17(4) and Rule 18(7) which type of companies debenture redemption reserve setup and 15% debenture redemption investment is not necessary?

(A) Banking companies
(B) Insurance companies
(C) Electricity companies
(D) Communication companies

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1 Answer

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Correct option is (A) Banking companies

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