State the meaning of the following in relation to buy back of shares : (a) Free reserves;

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State the meaning of the following in relation to buy back of shares :
(a) Free reserves;

(b) Proceeds of an earlier issue.

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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

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Question Posted: Aug 16, 2023 01:30 PM

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State the meaning of the following in relation to buy back of shares : (a) Free reserves;

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In the context of buyback of shares the terms free reserves and proceeds of an earlier issue have specific meanings related to accounting and financia...View the full answer

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

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