Dear All,
Please provide me the list of reserves which can be used for issuing bonus shares.
Whether only Share Premium Account and Capital Redemption Account be used for such purpose or What should be the interpretation of Regulation 96(3) of Table A of Companies Act.
Thanks in advance...............................
You can use your free reserves.............
Pls find the attachment for your answer.
Capital redemption reserve
capital reserve
security premium account
general reserve
profit/loss a/c
any other free reserve
Thanks................ Mr. Gajendra and Mr. Hitesh for your prompt reply..............
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