https://www.taxtmi.com/acts?id=17366 Where a company purchases its own shares out of free reserves or securities premium account, a sum equal to the nominal value of the shares so purchased shall be transferred to the capital redemption reserve account and details of such transfer shall be disclosed in the balance sheet; the capital redemption reserve account may be applied in paying up unissued shares to be issued to members as fully paid bonus shares. en-us Sat, 02 Mar 2013 11:27:10 +0530 Tue, 21 May 2024 18:08:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17366 Where a company purchases its own shares out of free reserves or securities premium account, a sum equal to the nominal value of the shares so purchased shall be transferred to the capital redemption reserve account and details of such transfer shall be disclosed in the balance sheet; the capital redemption reserve account may be applied in paying up unissued shares to be issued to members as fully paid bonus shares. Act-Rules Companies Law Sat, 02 Mar 2013 11:27:10 +0530 https://www.taxtmi.com/acts?id=17366