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Redemption of preference shares

Accountancy

If there are no free reserves sir and To create CRR how can we create .. Can we create CRR even though showing loss ?

Naresh M

Naresh M

CA Final

★ 75

03-Jul-21 13:27

441

Answers (2)

Can you explain your doubt clearly

Sairam Reddy

Sairam Reddy

CA Final

★ 10K+

03-Jul-21 14:22

No. Then in that case redemption cannot be made out of profits. Company will do redempton after issue of new equity share capital

Sahibdeep Singh

Sahibdeep Singh

CA Inter

★ 14K+

03-Jul-21 15:58

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