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Bonus issue

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2013 person holding 1 share

company given 1 bonus share for holding of 2 shares.

than what about the person holding 1 share ?

is the fraction amount to be given or what?
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
11 July 2013
These fraction can be cleared as Joint holding of fractional shares or cash can also be used for this situation
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Guest

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Guest (Expert)
11 July 2013 in that case, it is advisable to issue one bonus share who is holding one share only.
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