Notes for BONUS SHARES for IPCC/ATC Group I Students
Please Notify if you find any mistakes................
Thanks
Azharuddin Khan
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Nice Attempt dear,
good brief notes
I have a doubt in bonus
THERE IS A PROVISION THAT IS SHARE ARE NOT FULLY PAID UP THEN CO. CAN NOT ISSUE BONUS SHARE BUT IF CO. WANTS TO CONVERT PARTLY PAID TO FULLY PAID THEN IT CAN ISSUE BONUS......
HOW THIS CAN BE POSSIBLE
PLZZ PLZZ EXPLAIN
@ Enayat Modiwala
Company Can Issue the Bonus Share to Fully Paid Equity Shares and If Comapny Want to Issue Bonus Shares then have to convert partly paid shares to fully paid OR can call the final Call after Receiving final Bonus Shares can be issued.......
Company can make the partly paid shares to fully paid out of the Revenue Reserve i.e. General Reserve and Profit and Loss A/c....
But To Issue Bonus Shares Company have to used
Capital Redemption Reserve
Capital Reserve
Securities Premium
and if required then
General Reserve
Profit and Loss A/c
Hope this is the Answer to Your Question....
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