Suppose a public limited company wants to increase its capital without issuing new shares. Is there any way to do it.
please reply
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 28 August 2012
s.it can through issue of bonus shares.with out going to issue of new shares,it can capitalise reserves through bonus issue
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 29 August 2012
To increase the capital the capital is to be issued. It may be by way of further issue or capitalisation of profit i.e. bonus issue.
Prince Kumar Baranwal
(Consultant at Ravinder Mahajan & Co.)
(211 Points)
Replied 29 August 2012
YES, IN THIS COMPANY THE CAPITAL INCREASE BY ISSUE BONUS SHARE GO THROUGH CAPITALISE RESERVE OR FROM PROFIT.
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