Bonus Shares

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A NBFC WANT TO ISSUE BONUS SHARES TO THE EXISTING SHARE HOLDERS

MY QUESTION;

  1. DOES A LOSS MAKING COMPANY CAN ISSUE BONUS SHARES OUT OF SHARE PREMIUM ACCOUNT
  2. HOW IT AFFECT US IN VIEW OF INCOME TAX AND COMPANY ACT

We don't have knowledge on this subject. You may ask same on a different forum.

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