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Dear All,

Is there any limit on the transfer of profits to reserves and on the capitalization of profits? Up to what amount can a company issue bonus shares?

For the purpose of calculation, which balance sheet is taken into consideration - the last year's audited or the current year's unaudited?

From India, Lucknow
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pca
1446

For transfer of profits to reserves and issue of bonus shares you have to follow procedure given in attached files. Thanks
From India, Malappuram
Attached Files (Download Requires Membership)
File Type: doc Cos Tr of Profits to Reserves Rules 1975.doc (24.5 KB, 84 views)
File Type: doc Bonus_Issue_Procedure.doc (56.5 KB, 89 views)

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