Bonus share eligibility: capitalization must come from free reserves or cash-collected securities premium, not revaluation reserves. Bonus shares may be issued only from free reserves built out of genuine profits or from securities premium collected in cash; reserves created by ... Summary
Bonus share eligibility: capitalization must come from free reserves or cash-collected securities premium, not revaluation reserves.
Bonus shares may be issued only from free reserves built out of genuine profits or from securities premium collected in cash; reserves created by revaluation of fixed assets shall not be capitalised for issuing bonus shares. Bonus shares shall not be issued in lieu of dividend.
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