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share pool

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.

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November 17, 2016 at 9:47 am #349527
rakhi2rakhi
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sir,
If a company say ABC ltd purchased shares from two different companies as XYZ ltd and UVW ltd. Shares were purchased by ABC ltd from these two companies many times. Will ABC ltd maintain single share pool or different to take account of purchases and sale from these two companies (XYZ and UVW ltd).
Please help!
November 22, 2016 at 8:24 am #350561
Tax Tutor
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A separate share pool must be maintained for each different company in which shares are purchased
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