capital redemption reserve= face value of preference shares to be redeemed minus proceeds of fresh issue Company k pass 100 preference shares hai jine redeem karna hai at par face value 100rupees . Now company decide to issue 500equity shares of face value 10 and issue price 14 . Final call of 5 rupees (including 1 premium) on new equity shares will be made 5 months after redemption of preference shares. Application money on new share is of 6 rupees ( including 3 premium) . Allotment of 3 rupee is received on 450 equity shares What will be proceeds of fresh issue in this case ?? And also calculate capital redemption reserve.

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