Q.7 (2) Write a letter to the debenture holder regarding payment of interest electronically.
Best answer
Answer: Letter to a debenture holder regarding payment of interest electronically
Sunrise Industries Ltd.
Regd. Office: 45, M.G. Road, Pune 411001
CIN: L12345MH2010PLC123456
Tel.: 020-2560 0000 | Email: secretary@sunriseind.example
Ref. No.: SIL/DEB/INT/2024/88
Date: 2 April 2024
To,
Mrs. Sneha Kulkarni,
7, Model Colony,
Nashik 422005.
Debenture Holder Account No.: D-3415 No. of debentures: 50 (9% Secured Debentures of ₹1,000 each)
Subject: Payment of half-yearly interest on debentures through electronic mode
Dear Madam,
We are pleased to inform you that the half-yearly interest on your 50, 9% Secured Debentures of ₹1,000 each for the period 1 October 2023 to 31 March 2024 has been paid by electronic transfer (NEFT/ECS) on 1 April 2024.
| Gross interest (₹50,000 × 9% × 6/12) | ₹2,250 |
| Less: Tax deducted at source (10%) | ₹225 |
| Net amount credited | ₹2,025 |
The amount has been credited to your Savings Account No. XXXXXX4321 with Bank of Maharashtra, Nashik branch, as per the bank mandate registered with us. Kindly check your bank statement. The TDS certificate will be sent to you separately.
Please inform us or our Registrar and Transfer Agent of any change in your bank details so that future interest payments are not delayed.
Thanking you,
Yours faithfully,
For Sunrise Industries Ltd.
(Signature)
Company Secretary
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