01 November 2013
Method of Redemption The ‘Gap’ created in the company’s capital by the redemption of redeemable preference shares must be filled-in by: a)the proceeds of a fresh issue of shares b)the capitalization of undistributed profits or c)a combination of (a) and (b) In the above context: Q1)Whether Bonus shares will be issued on Above fresh issue of shares.?
01 November 2013
When prep. shares are redeemed out of profit then Capital redemption reserve {CRR} is to created, CRR used for issue of Bonus shares...
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