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Capital reserve to general reserve

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2013 A company, during One Time Settlement with bank,transferred an amount of 15 lakhs to Capital Reserve on account of Settlement of 105 lakhs for 90 lakhs. Now Can the Company Transfer 15 lakhs to General Reserve?

Thanks in Advance
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
19 August 2013 u have not mentioned for what purpose the settlement was done?
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