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Prohibition on issue of bonus shares out of reserves created by revaluation of fixed assets

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Full Text of the Document

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....RCULAR NO. 9/94, DATED 6-9-1994, ISSUED BY THE DEPARTMENT OF COMPANY AFFAIRS, MINISTRY OF LAW, JUSTICE AND COMPANY AFFAIRS, GOVERNMENT OF INDIA Subject:- Prohibition on issue of bonus shares out of....

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Full Text of the Document

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....to be made out of free reserves built out of the genuine profits or share premium collected in cash only and reserves created by revaluation of fixed assets cannot be capitalised for this purpose. The....

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