Menu
Accounts-bonus shares
Can we use capital reserves in cash for converting partly paid up shares into fully paid up shares?
Replies (1)
Yes not less the companies act suggests another method. What is partly paid up pls? There is no payment for bonus shares or allotment charges as well while issuing. The holdings will increase. While paying out the dividends retained earnings is used, when held shares are sold, capital reserves or bank will be used to pay with above exception.
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
