Q.Draft a letter of debenture holder informing him about redemption of debentures.

On redemption, the Secretary sends each debenture-holder a letter stating that his debentures are being repaid, the amount due, the date of redemption and the documents to be surrendered, in proper letter format.

Redemption of debentures means repayment of the borrowed amount to the debenture-holders on maturity. The Secretary must correspond with them to arrange this repayment smoothly.

Specimen letter:

SHREE STEEL LTD.

Registered Office: 12, Industrial Estate, Nagpur - 440001

Ref: DEB/RED/2023/57

Date: 15th March, 2023

Mr. Prakash M. Joshi

8, Laxmi Colony,

Amravati - 444601

Subject: Redemption of Debentures

Dear Sir,

We wish to inform you that your 50 12% Debentures of Rs. 100 each (Debenture Certificate No. 57, Folio No. 231) are due for redemption on 31st March, 2023, in accordance with the terms of issue.

Accordingly, a sum of Rs. 5,000 (Rupees Five Thousand only), being the face value of the debentures, together with interest due up to the date of redemption, will be paid to you. The amount will be credited directly to your registered bank account.

You are requested to surrender the original Debenture Certificate No. 57 at the company's registered office, duly discharged, to enable us to complete the redemption formalities.

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