Section 69: Transfer of certain sums to capital redemption reserve account.

The Companies Act, 2013Central Act · Act 18 of 2013

(1) Where a company purchases its own shares out of free reserves or securities premium account, a sum equal to the nominal 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.

Where this provision sits

Act	The Companies Act, 2013
Section	69
Marginal note	Transfer of certain sums to capital redemption reserve account.
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	1

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