Bonus shares

Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2015 Points)

16 March 2013  

A NBFC WANT TO ISSUE BONUS SHARES TO THE EXISTING SHAREHOLDERS

MY QUESTIONS:

1. DOES A LOSS MAKING COMPANY CAN ISSUE BONUS SHARES

2. WHAT IS PROCEDURE TO ISSUE BONUS SHARES.

3. IS THERE ANY CONDITIONS THAHOW MANY YEARS OLD RESERVES CAN BE USE FOR ISSUE OF BONUS SHARES.