Is Investment allowance reserve can be used ?????...

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CA FINAL STUDENT
105 Points Posted on 25 July 2011

Hello !

 

Can the amount of Investment allownace reserve be used for creation of Capital Redemption Reserve ????

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On 25 July 2011 at 14:44 Report
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STUDENT Rajasthan
2156 Points Posted on 25 July 2011

Investment allowance reserve is not a free reserve, hence not used for redemption of preference share capital

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On 25 July 2011 at 14:52

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