Business Studies, asked by Ridhima5167, 1 year ago

What is capital redemption reserves account. How it is created . How it be utilised ?

Answers

Answered by Vaibhavverma73

Hey mate!

I am here with your answer!

When shares are redeemed or bought back, the company is required to either replenish the capital by issuing fresh shares in lieu of the redeemed or bought back shares or to transfer their funds to an account called the Capital Redemption Reserve (CRR).

Hope this will help you!

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