What are the main sources of issue fully paid-up bonus shares as per Companies Act, 2013?
CS Executive · Company Accounts & Auditing Practices · PYQS · December 2021
What are the main sources of issue fully paid-up bonus shares as per Companies Act, 2013?
Answer & Explanation:
A company may issue fully paid-up Bonus Shares to its members, in any manner out of - its Free Reserves or the Securities Premium or the Capital Redemption Reserve A/c However, no issue of Bonus Shares shall be made by capitalising reserves created by the Revaluation of Assets.
Topics: Share Capital
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