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Can Premium on buy back be absorbed by general reserve


Jayanth

Jayanth

CA Final

6K+

05-Aug-23 14:16

326

Answers (7)

Yes, Premium on buy back can be adjusted against Free Reserves or Securities Premium but not against Revaluation Reserve. Free Reserves includes General Reserve and P&L A/c


Harish Kumar

Harish Kumar

CA Inter

16K+

05-Aug-23 16:01

Yes


R G

R G

CA Inter

9K+

05-Aug-23 16:01

I am new buy sir now reply how to contect sir any idea


R G

R G

CA Inter

9K+

05-Aug-23 16:01

Private public what is the meaning


R G

R G

CA Inter

9K+

05-Aug-23 16:02

Any idea help me friends


R G

R G

CA Inter

9K+

05-Aug-23 16:02

Yes, a company's premium on buyback can potentially be absorbed by its general reserve, depending on the applicable accounting and legal regulations. However, it's important to consult with financial and legal experts to ensure compliance with relevant laws and standards before making such a decision


Ab Devliear

Ab Devliear

CA Foundation

3K+

12-Aug-23 15:32

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