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corporate law

This query is : Resolved 
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(Querist)
06 August 2008 sir, "Is it possible to declare and issue bonus shares without having reserrves and surplus?" (it is happened in case of Reliance Power Ltd.)
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CA satya sai

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CA satya sai (Querist)
06 August 2008
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
07 August 2008 If you have share premium, you can. This is what happened in the case of reliance.
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