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