Bonus issue
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 October 2013
what does this statement mean....
no company shall pending conversion of FCD's/PCD's issue by any way of bonus??
no company shall pending conversion of FCD's/PCD's issue by any way of bonus??
21 October 2013
No Company shall, pending conversion of fully
convertible debentures/partly convertible
debentures, issue any shares by way of bonus
unless similar benefit is extended to the holders
of such fully convertible debentures/partly
convertible debentures through reservation of
shares in proportion to such convertible part of
fully convertible debentures/partly convertible
debentures. The shares so reserved may be
issued at the time of conversion(s) of such
debentures on the same times on which bonus
issues were made to shareholders.
convertible debentures/partly convertible
debentures, issue any shares by way of bonus
unless similar benefit is extended to the holders
of such fully convertible debentures/partly
convertible debentures through reservation of
shares in proportion to such convertible part of
fully convertible debentures/partly convertible
debentures. The shares so reserved may be
issued at the time of conversion(s) of such
debentures on the same times on which bonus
issues were made to shareholders.
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