Capital redemption reserve
This query is : Resolved
07 May 2018
If buyback is done out of Securities premium reserve then Will the company required to Make capital redemption reserve.?
08 May 2018
Yes., where buy-back is out of free reserves or securities premium, an amount
equal to the par value of the securities bought-back have to be transferred to
the capital redemption reserve account with appropriate disclosures in the
balance sheet.
equal to the par value of the securities bought-back have to be transferred to
the capital redemption reserve account with appropriate disclosures in the
balance sheet.
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