Companies act states that only equity shares can be issued as Bonus Shares, but recently i read in the Economic times that Zee entertainment has issued Reedemable Prefernce Shares as Bonus shares.What of this conflict???
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Confusion between practicality and the law
Replies (1)
Issue of reedemable preference shares as bonus shares amounts to indirect payment of dividend and evasion of dividend tax.
issued Reedemable Prefernce Shares as Bonus shares
Read more at: /forum/confusion-between-practicality-and-the-law-251493.asp
Read more at: /forum/confusion-between-practicality-and-the-law-251493.asp
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