Bonus shares only against reserves, etc. if capitalised in cash. https://www.taxtmi.com/acts?id=35751 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. en-us Mon, 28 Jan 2019 14:13:17 +0530 Mon, 28 Jan 2019 14:13:17 +0530 TaxTMI RSS Generator Bonus shares only against reserves, etc. if capitalised in cash. https://www.taxtmi.com/acts?id=35751 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. Act-Rules SEBI Mon, 28 Jan 2019 14:13:17 +0530 https://www.taxtmi.com/acts?id=35751