Query related to capital redemption reserve
This query is : Resolved
30 August 2013
What is capital redemption resrve? Why and When it is to be maintained? used for what purpose? whether its free reserve or not?
04 September 2013
Capital Redemption Revere is an reserve created when a company buys it owns shares which reduces its share capital.
This reserve is not distributable to shareholders and can be used to pay bonus shared issued.
CRR can be used for as per the Act for Instance... Issue of Bonus share,some extend to the payment of Dividend after approval from Central Government.
This reserve is not distributable to shareholders and can be used to pay bonus shared issued.
CRR can be used for as per the Act for Instance... Issue of Bonus share,some extend to the payment of Dividend after approval from Central Government.
05 September 2013
thanx.......
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