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Q.6 Can a company issue Bonus Shares out of reserves created by the revaluation of assets?

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Q.10 If the AOA of a company restricts/prohibits for issuance of Bonus Shares, then how can a company issue Bonus Shares? 5. Hold the Extra-Ordinary General Meeting and Pass Ordinary-Resolution for issue of bonus shares. It is an offer of free additional shares to the existing shareholders in proportion to their existing holdings. 1. MEANING OF BONUS SHARES: Q.8 Can a company issue Bonus Shares in lieu of Dividend? Ensure that reserves created by revaluation of assets are not used for issue of Bonus Shares.

Ans. No, a company cannot issue Bonus Shares to other than existing shareholders, It can only issue bonus shares to the members/shareholders whose names appear in Register of Members on the record date: 9. Issue Shares Certificates to all the allottee within two months from the date of allotment of bonus issue. Notice: It seems you have Javascript disabled in your Browser. In order to submit a comment to this post, please write this code along with your comment: 85b4b68647939c0b6a92846c3a47adc7 2. In Case of Listed Company: SEBI (ICDR) Regulations, 2009

[email protected] No issue of bonus shares shall be made by capitalizing reserves created by the revaluation of assets. Q.4 Can a company issue partly paid up Bonus Shares?

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