Companies Act, 2013
Section - 63 - Issue of bonus shares
Issue of bonus shares. 63. (1) A company may issue fully paid-up bonus shares to its members, in any manner whatsoever, out of-
Provided that no issue of bonus shares shall be made by capitalising reserves created by the revaluation of assets. (2) No company shall capitalise its profits or reserves for the purpose of issuing fully paid-up bonus shares under sub-section (1), unless-
| (i) | - | its free reserves; |
| (ii) | - | the securities premium account; or |
| (iii) | - | the capital redemption reserve account: |
| (a) | - | .... To read the full section download the app from Google Play store
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