Issue of bonus shares
This query is : Resolved
02 February 2015
Can a company utilize subsidy received from Government for issue of Bonus shares.
Here are the amounts standing credit to the Reserves and Surplus.
Other reserves Rs. 5,00,00,000
(Subsidy received from Coconut Development Board)
P&l Acc Rs.41,15,808.54
Here are the amounts standing credit to the Reserves and Surplus.
Other reserves Rs. 5,00,00,000
(Subsidy received from Coconut Development Board)
P&l Acc Rs.41,15,808.54
04 February 2015
company can issue bonus shares to its shareholders from its free reserves
"FREE RESERVE" means those reserve which can be used for freely distribution of dividend
"FREE RESERVE" means those reserve which can be used for freely distribution of dividend
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