M s ABC Ltd has enough amounts in revaluation reserve Can the Company issue bonus shares out of it n...........

Explanation:

According to Sec 63. Issue of bonus shares
(1) A company may issue fully paid-up bonus shares to its members, in any manner whatsoever, out of—
(i) its free reserves;
(ii) the securities premium account; or
(iii) the capital redemption reserve account:
Provided that no issue of bonus shares shall be made by capitalising reserves created by the revaluation of assets.

As per Section 63(1) of the Companies Act, 2013, no bonus shares shall be made by capitalizing reserve created by the revaluation of assets.