Accounts-bonus shares
Khushi Pamecha (4 Points)
02 July 2021
Can we use capital reserves in cash for converting partly paid up shares into fully paid up shares?
Khushi Pamecha (4 Points)
02 July 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 02 July 2021
Yes not less the companies act suggests another method. What is partly paid up pls? There is no payment for bonus shares or allotment charges as well while issuing. The holdings will increase. While paying out the dividends retained earnings is used, when held shares are sold, capital reserves or bank will be used to pay with above exception.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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