Capital Reserve

For issuing Bonus Shares !!

To Write Off Capital Losses (Example- Discount on issue of shares and debentures) !!

As far as I know, dividend cannot be declared out of Capital Reserve...

Please corect me if I am wrong..

Regards

Priya Sharma

CS final Student

Yes, u r right !!

 1).  premium on redemption of shares & debunters

 2).  written off goodwill

                                am i wright  ??

yes  i think u r right ravi sir

Capital reserve can be utilized for bonus issue of shares (but not to be taken to the extent such reserve includes any profit on revaluation of fixed assets / provided it is not created out of revaluation of fixed assets)

what is the minimum capital required to be contributed by a partner at the time of formation of partnership firm.