Liability of company to create security and debenture redemption reserve.

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Full Text of the Document

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....ebenture redemption reserve for "the redemption of such debentures, to which adequate amounts shall be credited, from out of its profits every year until such debentures are redeemed.      (2) The amounts credited to the debenture redemption reserve shall not be utilised by the company except for the purpose aforesaid.      (3) The company referred to ....