Whether the capital redemption reserve can be used for issueing bonus shares?
Menu
to know about the impact of capital redemption reserve
Replies (4)
As per the provisions of Section 80(5) of The Companies Act, 1956, the amount standing at the credit of Capital Redemption Reserve may be utilised to issue fully paid bonus shares.
The purpose of creating CRR is to issue bonus shares
The purpose of creating CRR is to issue bonus shares
Hi Rahul,
CRR can be used for issue of Bonus share .
Recent Threads
- Rcm invoices and normal invoice
- Regarding STCG on Equity
- GSTR 9 details with same PAN & different Turno
- Hotel ITC
- ITR for Trust- 12A
- Proprietorship to Pvt Ltd - Is Slump Sale / BTA ma
- Pan and Aadhaar Link Issue
- Fund Transfer to Foreign Country and TCS provision
- ITR updated return
- Company change Status from CIRP into Active
Related Threads
CAclubindia
