Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Companies Can Issue Bonus Shares From Free Reserves, With Board Approval; Not From Asset Revaluation Reserves</h1> A company can issue fully paid-up bonus shares to its members from its free reserves, securities premium account, or capital redemption reserve account, but not from reserves created by asset revaluation. To do so, the company must be authorized by its articles, receive Board and general meeting approval, and ensure no defaults on fixed deposits, debt securities, or statutory employee dues. Any partly paid-up shares must be fully paid-up before issuing bonus shares, and all prescribed conditions must be met. Bonus shares cannot replace dividends.
TaxTMI 
TaxTMI 
