Q.Write a letter to the Debentureholder regarding payment of interest through an interest warrant.

This is a correspondence question. The answer is a specimen letter from the company secretary to a debentureholder intimating payment of interest through an interest warrant, containing all the standard parts of a business letter and the details of the interest amount enclosed.

Debentureholders are creditors of the company and are entitled to receive interest at a fixed rate on the due dates, whether or not the company earns a profit. An interest warrant is like a cheque issued by the company for the amount of interest, which the holder can encash at the specified bank. The secretary writes to the debentureholder enclosing this warrant.

Specimen Letter:

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