Distribution of Dividends

In case of companies which have defaulted in payment of interest debentures or this redemption or in creation of the terms of the issue, of dividend would be approval of the debenture trustees and the lead if the case of existing companies prior permission of the institution for exceeding 20 per cent as the loan covenants is the company doc with the institutional condition regarding interest and debt service coverage ratio. On be distributed out of profit of particular years only after transfer of requisite amount residual profits after transfer to DRR art inadequate to distribute reasonable many many distribute dividends out of general reserves.


The issuer company should redeem the debentures as per the offer document.

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