Contradiction in sec 123 payment of dividend with sec 63 of companies act 2013

Question BankCategory: Finance & EconomyContradiction in sec 123 payment of dividend with sec 63 of companies act 2013
AvatarMukul asked 5 years ago

TO Ajay Maan sir
As per section 63 of comapnies act 2013
Bonus share can not issue in lieu of dividend but As per first proviso to 123(5) issue of Bonus share or payment of bonus call by capitalizing the reserve is permissible? will you please elaborate it and resolve the confusion…?

1 Answers
JupiterJupiter Staff answered 3 years ago

Rightly replied by Mr. Aditya Kumar

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