Can a limited liability company issue bonus shares in the absence of a Share premium A/c?
if yes, then from which reserve can it issue the bonus shares?
ACCA Forums
SBRIssue of Bonus shares in the absence of a Share Premium A/c
Yes. Out of any other capital reserve, such as revaluation reserve - a preferable approach. Bonus shares may also be issued from retained earnings if no other reserves are available.
thanks.....
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