Subs. by s. 14, ibid., for “three lakh rupees, or with both” (w.e.f. 21-12-2020). — THE COMPANIES ACT, 2013

Subs. by s. 14, ibid., for “three lakh rupees, or with both” (w.e.f. 21-12-2020).

2. Subs. by s. 14, ibid., for “three lakh rupees, or with both” (w.e.f. 21-12-2020). value of the shares so purchased shall be transferred to the capital redemption reserve account and details of such transfer shall be disclosed in the balance sheet. (2) The capital redemption reserve account may be applied by the company, in paying up unissued shares of the company to be issued to members of the company as fully paid bonus shares.

Section 2