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Regarding capital redemption reserve

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 February 2013 what is the use if capital redemption reserve ??

if company re-issue buy back share then CRR can be transfer to it's original fund account or Not ??
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CA. PIYUSH GOEL

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CA. PIYUSH GOEL (Expert)
28 February 2013 when there is any decrease in share capital of a company. company has to create CRR for the sake of interest of lendors.

CRR can be used to issue bonus shares or shares at a discount.

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