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  • Company Accounts: Share Issue, Forfeiture & Redemption
  • Capital Redemption Reserve account is available only for ...
Multiple choice

Capital Redemption Reserve account is available only for issue of fully paid……….

  1. equity shares

  2. preference shares

  3. right shares

  4. bonus shares

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Under section 80 of The Companies Act, Capital Redemption Reserve account is available only for issue of fully paid bonus shares.

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