GAURAV TIWARI (CA FINAL STUDENT) (105 Points)
25 July 2011Hello !
Can the amount of Investment allownace reserve be used for creation of Capital Redemption Reserve ????
kamal kishor sen
(STUDENT Rajasthan)
(2156 Points)
Replied 25 July 2011
Investment allowance reserve is not a free reserve, hence not used for redemption of preference share capital
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