Which of the following is not a "free reserve" for the purpose of buyback of shares
Answers
Answered by
18
ANSWER↓
ᴀ ᴄᴏᴍᴘᴀɴʏ ᴄᴀɴɴᴏᴛ ʙᴜʏ-ʙᴀᴄᴋ ɪᴛs sʜᴀʀᴇs ᴏʀ sᴇᴄᴜʀɪᴛɪᴇs ᴏᴜᴛ ᴏғ ᴛʜᴇ ᴘʀᴏᴄᴇᴇᴅs ᴏғ ᴇᴀʀʟɪᴇʀ ɪssᴜᴇ ᴏғ ᴛʜᴇ sᴀᴍᴇ ᴛʏᴘᴇ ᴏғ sʜᴀʀᴇ/sᴇᴄᴜʀɪᴛɪᴇs. ғʀᴇᴇ ʀᴇsᴇʀᴠᴇ: ғʀᴇᴇ ʀᴇsᴇʀᴠᴇ ᴍᴇᴀɴs ᴛʜᴇ ʀᴇsᴇʀᴠᴇ ᴡʜɪᴄʜ ɪs ғʀᴇᴇ ғᴏʀ ᴅɪsᴛʀɪʙᴜᴛɪᴏɴ ᴏғ ᴅɪᴠɪᴅᴇɴᴅ ᴀs ᴘᴇʀ ʟᴀsᴛ ʙᴀʟᴀɴᴄᴇ sʜᴇᴇᴛ ᴀɴᴅ ᴡʜɪᴄʜ ɪɴᴄʟᴜᴅᴇs ᴛʜᴇ ᴄʀᴇᴅɪᴛ ʙᴀʟᴀɴᴄᴇ ᴏғ sᴇᴄᴜʀɪᴛɪᴇs ᴘʀᴇᴍɪᴜᴍ ᴀʟsᴏ.
Similar questions