17 December 2008
can capital reserves be utilised for the purpose of issue of bonus shares, given that the capital reserves are insufficient to meet the need of the entire issue. Thus should the capital reserves be first exhausted and then the accumulated profits be used.
Guest
Guest
(Expert)
10 October 2009
capital reserve can not be used.
Only free reserves can be used and capital reserve is not the free reserve.
CAclubindia
