Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2015 Points)
16 March 2013A NBFC WANT TO ISSUE BONUS SHARES TO THE EXISTING SHAREHOLDERS
MY QUESTIONS:
1. DOES A LOSS MAKING COMPANY CAN ISSUE BONUS SHARES
2. WHAT IS PROCEDURE TO ISSUE BONUS SHARES.
3. IS THERE ANY CONDITIONS THAHOW MANY YEARS OLD RESERVES CAN BE USE FOR ISSUE OF BONUS SHARES.
Nitin kumar kaushik
(acs)
(44 Points)
Replied 18 March 2013
off course u issue bonus share as same procedure which is similar to normal , bt upto certain limit which is 10% of last dividend
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 18 March 2013
Dear not a satisfactory answer
CAclubindia
