Capital redemption reserve
This query is : Resolved
22 August 2015
what is the purpose of creating crr when company buyback its share?
22 August 2015
Buy back of share has been considered to be EXCEPTIONAL in the life of a company. (In recent era, this notion has been changed a little bit)
Since Capital is reduced in buyback... the care is taken to create the redemption reserve.
Since Capital is reduced in buyback... the care is taken to create the redemption reserve.
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