Bonus shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2014
Dear All,
A private limited company having losses and also having balance in security premium account want to issue Bonus Shares, is it possible?
A private limited company having losses and also having balance in security premium account want to issue Bonus Shares, is it possible?
Ankur Garg
(Expert)
10 July 2014
As per my opinion your private company can issue bonus shares even if there is loss in your company. Reason being there is balance in security premium account which can be used to issue fully paid Bonus shares. Issue of Bonus shares is governed by section 63 of the Companies Act, 2013. Kindly go through the section.
Thanks
Thanks
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