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
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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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