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Bonus issue

Lalbahadur Pal (Service ) (64 Points)

18 August 2017

Hi
Can anyone let me the requirements for shareholders resolutions for bonus issue?
Like special or ordinary resolutions.
Thanks

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4 Replies

Sudhir Todkar (CS Professional) (1021 Points)
Replied 19 August 2017

If Bonus issue is authorised by its AOA.
Bonus issue is made in recommendation of board and authorized from shareholders in general meeting (OR passed) and by complying other provisions of companies act 2013.

Lalbahadur Pal (Service ) (64 Points)
Replied 21 August 2017

What is the resolution type ordinary or special

Sudhir Todkar (CS Professional) (1021 Points)
Replied 21 August 2017

I already mentioned OR (Ordinary Resolution) by shareholders at GM

Aman Bisht (88 Points)
Replied 22 August 2017

Acquisition of shares by way of bonus shares is counted for the limits of section 186(2) or not?

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