Easy Office
LCI Learning

Bonus shares out of Revaluation Reserve

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 March 2008 Can Bonus shares be issued out of Revaluation Reserve?
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
14 March 2008 NO.It will be against the guidelines issued by the ICAI
Profile Image

CA Saurabh Maheshwari

Profile Image

CA Saurabh Maheshwari (Expert)
14 March 2008 NO BONUS SHARES CANNOT BE ISSUED AGT REVALUATION RESERVE ,IT CAN BE ISSUED AGT SHARE SECURITY PREMIUM
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

R.V.RAO

Profile Image

R.V.RAO (Expert)
14 March 2008 BONUS SHARES CAN BE ISSUED OUT OF FREE RESERVES ( NOT FROM REVALUATION RESERVES )
OR OUT OF SHARE PREMIUM .
R.V.RAO
Profile Image

CA Pattanayak

Profile Image

CA Pattanayak (Expert)
15 March 2008 Dear Karthik

Bonus shares cannt be issued out of Revaluation Reserve. It can be issued from Free Reserves.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links