Can Limited Company issue Bonus shares from Balance available in P & L A/c which is shown under "Reserve & Surplus"?
As per SEBI Guidelines for Bonus Shares, Bonus can be made out of Free Reserves or Share Premium.
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BONUS SHARES
Replies (7)
yes, profit & loss balance is free reserve, & compny can issue bonus share from PL bal.
| Originally posted by :AYUSH AGRAWAL | ||
| " | yes, profit & loss balance is free reserve, & compny can issue bonus share from PL bal. | " |
yes, profit and loss a/c is an part of reserve and surplus .
| Originally posted by :AYUSH AGRAWAL | ||
| " | yes, profit & loss balance is free reserve, & compny can issue bonus share from PL bal. | " |
Yes
yea..P and L is part of free reserves and company can issue bonus shares out of it
company can issue bonus shares out of free reserves as well as securities premium
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