Whether the capital redemption reserve can be used for issueing bonus shares?
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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 .
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