Pl refer to following Sections:
1) Sec.80(5): Capital Redemption Reserve can be used for issue of bonus shares.
2) Sec.80(1): Provisions of reduction of share capital will apply to redemption of preference shares if there is no fresh issue or CRR is not created.
3) Sec.78(2): Use of Securities Premium Account
4) Sec.77A(1)(iii): Use of Securities Premium Account for buy-back of securities.
5) Sec.78(1): Provisions of reduction of share capital will apply to Securities Premium A/c in the given case.
6) Sec.117C: Use of Debenture Redemption Reserve for redemption of debentures only.
7) Para 14.4 of AS-10: Loss on disposal of fixed assets to be charged to Revaluation Reserve Account.