Can A Private Limited Company buy back its shares if there in a negative balance in Reserve & Surplus A/C?
1 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 10 October 2020
Yes it can
but it will effect your company cash holdings along with the fixed assets that relate with it
in other words it shrink the equity of the shareholders in the liability side
but it will effect your company cash holdings along with the fixed assets that relate with it
in other words it shrink the equity of the shareholders in the liability side
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