alleryStart learning →On a buy-back from free reserves, what goes to the CRR?
APremium paid on the shares
BHalf of free reserves
CMarket value of shares bought
DNominal value of shares bought
Answer & Solution
Correct answer: D. Nominal value of shares bought
Section 69 requires a sum equal to the nominal value of the shares purchased to be transferred to the capital redemption reserve.
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