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Bonus

This query is : Resolved 

15 September 2009 What is the minimum bonus required to be paid by a co. When payment of minimum bonus is compulsory.

15 September 2009 Hi


The bonus issue is made out of the free reserve built out of the genuine profit or share premium collected in cash only.

I think you can issue bonus up to the genuine profit or share premium of the company.


Regards


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