Issue of bonus shares
This query is : Resolved
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
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
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
"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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
