Which of the following can be utilized for the redemption of preference shares of a company out of profit:
A) shares forfeited account
B) development rebate reserve account
C) capital redemption reserve account
D) dividend equalization reserve
Correct Answer:
Verified
Q1: Right share are not offered to the
Q2: Which of the following reserves which can
Q3: Which of the following statement is false:
A)bonus
Q4: Redeemable Preference shares can be redeemed out
Q5: When Redeemable Preference shares are due for
Q7: Which of the following cannot be utilized
Q8: Which of the following cannot be used
Q9: The Capital Redemption reserve is created for
Q10: Which of the following accounts can be
Q11: According to sec. 100(1)(c) of the companies
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