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Issue of bonus shares
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....ares to its members, in any manner whatsoever, out of- (i) its free reserves; (ii) the securities premium account; or (iii) the capital redemption reserve account: Provid....
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....the company; (c) it has not defaulted in payment of interest or principal in respect of fixed deposits or debt securities issued by it; (d) it has not defaulted in respect of the pay....
TaxTMI