Easy Office
LCI Learning

Issue of bonus shares

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 February 2015 Can a company utilize subsidy received from Government for issue of Bonus shares.

Here are the amounts standing credit to the Reserves and Surplus.

Other reserves Rs. 5,00,00,000
(Subsidy received from Coconut Development Board)

P&l Acc Rs.41,15,808.54
Profile Image

c.bakshi

Profile Image

c.bakshi (Expert)
04 February 2015 company can issue bonus shares to its shareholders from its free reserves

"FREE RESERVE" means those reserve which can be used for freely distribution of dividend

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