Bonus issue

This query is : Resolved

Abira Mansuri (Querist)
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21 February 2015 For bonus issue while filling the form MGT-14 the purpose of filling the form does not mention the category of issue of bonus (section 63) and if we choose purpose others under companies Act,2013 it will go under STP so kindly mention which purpose to be selected in the form MGT 14

CS JAY GOHIL

CS JAY GOHIL (Expert)
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21 February 2015 find below mentioned purpose

Issue further shares to persons (whether or not including existing shareholders or employees)
section 62(1)(c)

Subject matter of the resolution
BONUS ISSUE OF SHARES U/S 63 OF COMPANIES ACT 2013

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