Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Creation of Debenture Redemption Reserve

This query is : Resolved

Share Report Follow Query Ask a Query

Guest

Guest (Querist)

31 October 2007 What is the remedy/Legal Implications for a company which has redmmed Debenturs & Pref.Shares without creation of CRR & DRR from auditor's poit of view

KAAPIL (Expert)
Follow

02 November 2007 Please clarify the implication angle. Eg. From Auditor's point of view he will apply AAS-28 and qualify the report.

Ravikumar.G

Ravikumar.G (Expert)
Follow

08 November 2007 It is a violation of Company Law. When you redeem the shares out of profit if you are not transfer the fund to respective CRR the money which plough back to working capital will deficit.

KAAPIL (Expert)
Follow

08 November 2007 Thanks.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member BABUSHANKAR BASAPPA

BABUSHANKAR BASAPPA

Pro Member Kailashv upadhyay

Kailashv upadhyay

Pro Member Dhairya Sanghvi

Dhairya Sanghvi

Pro Member prashant

prashant

Pro Member jaspreet sidana

jaspreet sidana

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

ARTICLESHIP 15 May 2026

ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details

01 June 2026

Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details

29 May 2026

Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details

04 June 2026

Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details

14 May 2026

Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details

22 May 2026

U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details

14 May 2026

Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details

23 May 2026

Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details