Where a company purchases its own shares out of free reserve or securities premium, a sum should
Question:
Where a company purchases its own shares out of free reserve or securities premium, a sum should be transferred to Capital Redemption Reserve which should be
A. Equal to the amount paid to the shareholder who sold his shares
B. Equal to paid-up capital of the company
C. Equal to the nominal value of shares so purchased
D. None of the above
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Related Book For
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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