Question
A company has ₹10,00,000 10% Redeemable Preference
Shares. These are redeemed at 10% premium out of fresh equity issue of ₹6,00,000 and balance from reserves. The company’s Securities Premium A/c has ₹50,000. How much should be transferred from General Reserve to Capital Redemption Reserve (CRR)?Solution
Total redemption = ₹10,00,000 + 10% premium = ₹11,00,000. Fresh issue = ₹6,00,000 → balance = ₹4,00,000 from reserves. Hence, CRR = ₹10,00,000 – ₹6,00,000 = ₹4,00,000. • CRR is calculated based on the face value redeemed from reserves. Premium is handled separately (from Securities Premium A/c).
According to the Reserve Bank of India's Economic Activity Index ( EAI ) , what is the projected Gross Domestic Product ( GDP ) growth for Q3 2023 - 24?
Which of the following is NOT a factor used to categorize an enterprise as micro, small, or medium in India?
- What is the name of the report launched by NITI Aayog on India’s tools sector export potential?
What was the Gini coefficient for urban India in 2025 as per SDG reports, and how did it change since 2016?
Recently Brian Chesky has donated what amount to the Obama Foundation to fund scholarships for students pursuing careers in public service?
India signed a $750 million currency swap agreement with which country to help manage its foreign currency crunch?
Under the BHASHINI platform, how many text languages are supported?
'Chak ho' was in news in 2020, it is a:
Which state became the first in India to implement an AI-based real-time forest alert system?
Consider the following statements about the recent legislation passed in Tajikistan:
1. The legislation bans the hijab and other Islamic garments...
