A NBFC WANT TO ISSUE BONUS SHARES TO THE EXISTING SHAREHOLDERS
MY QUESTIONS:
1. DOES A LOSS MAKING COMPANY CAN ISSUE BONUS SHARES
2. WHAT IS PROCEDURE TO ISSUE BONUS SHARES.
3. IS THERE ANY CONDITIONS THAHOW MANY YEARS OLD RESERVES CAN BE USE FOR ISSUE OF BONUS SHARES.
off course u issue bonus share as same procedure which is similar to normal , bt upto certain limit which is 10% of last dividend
Dear not a satisfactory answer
T R SOOD & CO
New Delhi
CA Inter
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
