Issue of bonus shares out of securities premium account

saiakhil (student) (28 Points)

24 February 2016  

Hi,

I have a query relating to companies Act 2013,

I want to issue bonus shares out of securities premium account as per section 63 of companies Act 2013. If i am having accumulated losses in my book at the time of issue of bonus shares. Is there any conditions that it should not issue by continuing those accumulated losses?