https://www.taxtmi.com/acts?id=12364 Where a company purchases its own shares out of its free reserves, it must transfer an amount equal to the nominal value of the shares so purchased to a capital redemption reserve, and details of that transfer must be disclosed in the balance sheet. en-us Sat, 07 May 2011 11:47:00 +0530 Sat, 07 May 2011 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12364 Where a company purchases its own shares out of its free reserves, it must transfer an amount equal to the nominal value of the shares so purchased to a capital redemption reserve, and details of that transfer must be disclosed in the balance sheet. Act-Rules Companies Law Sat, 07 May 2011 11:47:00 +0530 https://www.taxtmi.com/acts?id=12364