Which of the following statements is correct?
| A. |
Capital redemption reserve account cannot be utilised for issuing fully paid bonus shares.
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| B. |
Redemption of preference shares cannot be made out of the fresh issue of debentures.
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| C. |
An amount equal to redemption of preference shares out of the profits must be transferred to General Reserve.
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| D. |
A company can issues irredeemable preference shares.
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Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
