Transfer of certain sums to capital redemption reserve account
Section 69 of the Companies Act, 2013 deals with transfer of certain sums to capital redemption reserve account. 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. The Act came into force on 01 Apr 2014.
(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.
Section 69, The Companies Act, 2013 (Act 18 of 2013).
Made under this section, and citing it
1 instrument names this provision in its title or its text without being made under it.
Questions about Section 69
What does Section 69 of the Companies Act deal with?
Section 69 of the Companies Act is headed "Transfer of certain sums to capital redemption reserve account". 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.
How do I find court cases under Section 69 of the Companies Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Companies Act 69, section 69 Companies Act, section 69 of the Companies Act. People searching for it also type companies act 2 69. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 69 of the Companies Act, and has it changed?
One instrument names it without being made under it, most recently Chapter XXVI - Nidhi Rules, 2014. (2014).
When did Section 69 of the Companies Act come into force?
Section 69 of the Companies Act, cited as Companies Act 69, came into force on 01 Apr 2014, having been enacted on 29 Aug 2013. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions5089 words
- 143. Powers and duties of auditors and auditing standards1867 words
- 230. Power to compromise or make arrangements with creditors and members1432 words
- 232. Merger and amalgamation of companies1416 words
- 149. Company to have Board of Directors1403 words
- 217. Procedure, powers, etc., of inspectors1390 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 14 Oct 2026. This page is not a substitute for legal advice.