Creation of CRR

Accountancy

CRR (capital redemption reserve) is to be created on the same day the company redeems preference shares(PS), or can be created at the end of Financial year in which redemption of PS took place . For eg. In FY 2022-23, Redemption too place on 28 January, 2023, so CRR has to be created on 28 Jan 2023 only, or we can also create it on 31 March 2023 (end of same FY in which redemption took place)?

Garima Bhargava

CA Inter

★ 185

16-May-23 19:45

595

Answers (2)

At the time of redemption.

CA Suraj Lakhotia

Admin

17-May-23 12:03

CA Suraj Lakhotia Admin

At the time of redemption.

Ok sir

Thread Starter

Garima Bhargava

CA Inter

★ 185

17-May-23 12:08