COMPANIES ACT - ISSUE OF BONUS SHARES
This query is : Resolved
Eshank.M.Shah
(Querist)
09 December 2008
Can u please specify the source of funds required for a bonus issue( in specific order) for issue of fully paid bonus shares.
CS Vivek Hegde
(Expert)
14 December 2008
Eshank
Profits accumulated over the years is the main source of fund that can be used for issuing fully paid bonus shares. In addition subsidies received form the GOVT for that purpose can be used as such.
regards
Vivek
Profits accumulated over the years is the main source of fund that can be used for issuing fully paid bonus shares. In addition subsidies received form the GOVT for that purpose can be used as such.
regards
Vivek
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