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PRemium of redemption of prefrence shares

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(Querist)
14 June 2008 POR to be classified as what in on redemption of prefrence shares

in what case such amount could be used ???
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PC-www.bharadwajinstitute.com

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PC-www.bharadwajinstitute.com (Expert)
19 June 2008 POR is a capital loss to be adjusted with Securities Premium account and if there is no balance in Securities premium account, it can be adjusted in P & L Balance.


with regards

PC
profvpp@gmail.com
www.bharadwajinstitute.com
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