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TypeBare Act JurisdictionCentral Government

Companies Act, 2013, Section 69

Transfer of Certain Sums to Capital Redemption Reserve Account

~1 min read
https://sooperkanoon.com/act/62448

Bare act section · Research

About this section

Companies Act, 2013, Section 69 is part of Companies Act, 2013, - Transfer of Certain Sums to Capital Redemption Reserve Account. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

Section Text

(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.

Frequently asked questions

What does Companies Act, 2013, Section 69 provide?

Section Section 69 of the Companies Act, 2013, (Transfer of Certain Sums to Capital Redemption Reserve Account) is reproduced on this page as part of the Companies Act, 2013,. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Companies Act, 2013, Section 69?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies Act, 2013, Section 69. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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