First proviso to section 123(5) of company act 2013
This query is : Resolved
20 December 2014
As per First Proviso to Section 123(5) of company act 2013, Whether It is allowed to capitalized the profit or reserve of a company for the purpose of issuing fully paid bonus share or paying up any amount for unpaid on any share held by the members of the company ????
22 December 2014
The Company shall not issue Bonus Shares by capitalizing reserve created out revaluation of Assets
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