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Redemption of preference shares

How they are calculated the amount to be transferred to CRR A/C?

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kumar G

kumar G

CA Inter

3K+

03-Apr-21 17:03

47

Answers (3)

CRR amount should have been calculated to be 27,500 [65000 - 37500] i.e. Face value of preference shares redeemed - face value of new shares issued Seems like a typo by ICAI.


Sahibdeep Singh

Sahibdeep Singh

Moderator

03-Apr-21 18:54

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