Question

 Attempt the following

Specimen of a letter to the debentureholder informing him about redemption of debentures into shares. 

Answer 1

Specimen of a letter to the debentureholder informing him about redemption of debentures into shares. 

ANKIT TEXTILES LIMITED

109, Janpath, Pune-411 002.

Tel. No. (020) 242 1607 

Fax No. (020) 242 1689

Ref. No. ATL/RD/24/2014                

Telegram : ANKIT 

Web : [email protected] 

Date : 16th January, 2015

 

To

Brijesh Naik

282, Karuna Apartment,

Gamdevi, Mumbai-400 007. 

   Sub. : Redemption of 15% Debentures issued in April 2009.

Dear Sir In the financial year 2009-10, our company had issued to the public 20,000, 15% Redeemable debentures of ` 150 "each (amounting to" ` 30,00,000) for the period of 6 years. As per the terms of issue, the period of the above stated debentures expires on 31st March, 2015. The Board of Directors in the Board meeting held on 2nd January, 2015, has passed a resolution for the redemption of the debentures. You are holding 100, 15% Redeemable debentures of ` 150 "each, issued by our company and maturing on 31st March, 2015. You are requested to fill in the enclosed debenture redemption form and submit the same along with the original debenture certificate, duly discharged to the company's office on or before 1st March, 2015. On receiving the duly filled in redemption form along with debenture certificate, the crossed cheque for the amount due will be sent to you, so as to reach you before 31st March, 2015.

Thanking you,   

Yours faithfully, 

For Ankit Textiles Limited   

Sd./.......... (Secretary) 

Encl. : Blank printed Debenture Redemption Form.