Capital Redemption Reserve Account is available for

Answer: Option D

Capital Redemption Reserve (CRR) is created when a company redeems its redeemable preference shares out of profits or fresh issue of shares.

The main purpose of creating CRR is to maintain the company’s capital intact, since redemption reduces share capital.

However, the amount transferred to CRR cannot be used again for redemption of preference shares or debentures.

It is also not used for reorganisation of share capital.

The CRR can only be utilized for a specific purpose, which is the issue of fully paid bonus shares to shareholders.

Therefore, CRR is available for issuing bonus shares.

Hence, Option D is correct.