Bonus issue
This query is : Resolved
27 February 2013
What are the guidlines for bonus issue for a private limited company...n what are the provisions regarding dividend to be paid on bonus shares....??
01 March 2013
Yes Private Company can issue bonus shares by capitalizing the current year profits and accumulated reserves.
Below is the procedure for Bonus issue of shares by Private Company:
1> check the Articles of Association( AOA) of company whether it has clause for capitalization of profits, if AOA does not have alter it by passing special resolution.
2> pass ordinary resolution to issue the bonus shares and specify the no. of shares issues and pro ratio, price at which shares are issued. Resolution should be register with ROC in form-23.
3> conduct board meeting to issue the shares.
4> file return on allotment Form-2 and issue the share certificates with effect to the allotment.
Relevant Sections: Regulation No.96 of TABLE A, 75(2),192,31
Below is the procedure for Bonus issue of shares by Private Company:
1> check the Articles of Association( AOA) of company whether it has clause for capitalization of profits, if AOA does not have alter it by passing special resolution.
2> pass ordinary resolution to issue the bonus shares and specify the no. of shares issues and pro ratio, price at which shares are issued. Resolution should be register with ROC in form-23.
3> conduct board meeting to issue the shares.
4> file return on allotment Form-2 and issue the share certificates with effect to the allotment.
Relevant Sections: Regulation No.96 of TABLE A, 75(2),192,31
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
