sunil_sharma
Dear All,
Plz . is there any limit on transfer of profits to reserves and on capitalisation of profits? Upto what amount can a company issue bonus shares?
For the purpose of calculation which balance sheet is taken into consideration whether last year's audited or current year's unaudited?

From India, Lucknow
pca
1444

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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