03 March 2010
For how a long a company that has just come out of BIFR continue to show Capital Redemption Reserve? The same was, however, created a long ago.
03 March 2010
CRR can be utilised for issuing bonus shares.
or else, such reserves can be used to adjusting / writing off expenses or lossess or intangible assets after obtaining approval from members and high court.
CAclubindia
