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Basic query in accounting

This query is : Resolved 
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(Querist)
01 November 2013 Method of Redemption
The ‘Gap’ created in the company’s capital by the redemption of redeemable preference shares must be filled-in by:
a)the proceeds of a fresh issue of shares
b)the capitalization of undistributed profits or
c)a combination of (a) and (b)
In the above context:
Q1)Whether Bonus shares will be issued on Above fresh issue of shares.?

I will be very much thankful to you.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
01 November 2013 When prep. shares are redeemed out of profit then Capital redemption reserve {CRR} is to created,
CRR used for issue of Bonus shares...
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pavankumar

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pavankumar (Querist)
01 November 2013 Whether Bonus shares will be issued on shares which are specifically issued for the purpose of Redemption?If No, why?
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
01 November 2013 If AOA permits so...
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