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section number?

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Rohit Patel

20 Points Joined May 2018

section number that states uses of capital reserve

Replies (1)

Shivam RC

Student

23688 Points Joined November 2017

There is no such specific Section under the Companies Act 2013 , which states the uses of Capital Reserve.

However, uses of Capital Redemption Reserve ( CRR ) has been given under Section 63 and 69 of the Companies Act 2013. [ Issue of Bonus Shares ].