Whether Current Years Profit Can be used for Bonus Issue

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BH
45 Points Posted on 04 November 2009

Dear All

Please let me know if i can use "profit during the Year" for issue of Bonus sahre in the case of Pvt co.

 

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On 04 November 2009 at 11:32 Report
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C.A. B.Com (H) Graduate
2151 Points Posted on 04 November 2009

 no...... only out of free reserves...... like Capital Redemption Reserve.......

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On 04 November 2009 at 11:55
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Company Secretary and Compliance Officer
114788 Points Posted on 04 November 2009

Please check my reply in the Expert section.

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On 04 November 2009 at 16:09

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