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What is a "Capital Redemption Reserve"? What purpose does it serve?

Accounting Financial Accounting Financial Management Bank Accounting managerial accounting
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Question ajoutée par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date de publication: 2014/11/27
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Khaled Mohee Eldeen Abbas Mahmoud
par Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

The capital redemption reserve is a non-distributable reserve and represents paid up share capital.

Malik Khalid Mahmood
par Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

To repay the money if the company wants to cancell the shares or wants to reduce its share capital, the money reserved for redemption of shares, be utilized to reduce the shares by making the payment to its investors.

Mohammed Salim Allana
par Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

I agree with Mr. Malik, it is a specific purpose reserve and reserved for redemption of Shares and applied when it is needed to buy back the issued shares.

FITAH MOHAMED
par FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

AGREE WITH MR MALIK & MR KHALED ANSWERS  

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