Bonus shares out of Revaluation Reserve
This query is : Resolved
kartik_somu
(Querist)
14 March 2008
Can Bonus shares be issued out of Revaluation Reserve?
S.Srinivasaraghavan
(Expert)
14 March 2008
NO.It will be against the guidelines issued by the ICAI
14 March 2008
NO BONUS SHARES CANNOT BE ISSUED AGT REVALUATION RESERVE ,IT CAN BE ISSUED AGT SHARE SECURITY PREMIUM
14 March 2008
BONUS SHARES CAN BE ISSUED OUT OF FREE RESERVES ( NOT FROM REVALUATION RESERVES )
OR OUT OF SHARE PREMIUM .
R.V.RAO
OR OUT OF SHARE PREMIUM .
R.V.RAO
CA J M Pattanayak
(Expert)
15 March 2008
Dear Karthik
Bonus shares cannt be issued out of Revaluation Reserve. It can be issued from Free Reserves.
Bonus shares cannt be issued out of Revaluation Reserve. It can be issued from Free Reserves.
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