31 October 2007
What is the remedy/Legal Implications for a company which has redmmed Debenturs & Pref.Shares without creation of CRR & DRR from auditor's poit of view
08 November 2007
It is a violation of Company Law. When you redeem the shares out of profit if you are not transfer the fund to respective CRR the money which plough back to working capital will deficit.
CAclubindia
