law: Companies Act, 2013 
  69.
  
    Transfer
  
  of certain sums to capital redemption reserve account.
  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.