banner_ad

Bonus issue

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 October 2010 A pvt co. ABC ltd. has only 2 shareholders

XYZ ltd. holding 9999 shares
Mr. X (nominee of XYZ Ltd.) holding 1 share

now ABC Ltd. is issuing bonus shares 9lac shares @ 90 shares for every one share

My query is whether the nominee Mr. X will be allotted any bonus shares or whether the entire 9 lac shares be allotted to XYZ Ltd.?

please reply
Profile Image

CS Nikita Sheth

Profile Image

CS Nikita Sheth (Expert)
27 October 2010 Hi Sneha,
Wil; u explain me what u mean by 9lac shares @ 90 shares for every one share
Profile Image

Sneha

Profile Image

Sneha (Querist)
27 October 2010 Oh I am sorry i did not phrase it well. ABC P. Ltd. is issuing 9 lac bonus shares i.e., the ratio being 90 shares for every one share held by shareholders.
Profile Image

CS Nikita Sheth

Profile Image

CS Nikita Sheth (Expert)
28 October 2010 As Mr X nominnee, is holding one share and the ration for bonus issue is 90 Bonus shares for every one share held

so, Mr. X as a nominnee will be alltted 90shars as bonus shares and his holding will be 91 shares
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details