Bonus issue
This query is : Resolved
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
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
27 October 2010
Hi Sneha,
Wil; u explain me what u mean by 9lac shares @ 90 shares for every one share
Wil; u explain me what u mean by 9lac shares @ 90 shares for every one share
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.
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Reporting in TDS return
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Banking Related Issue
- Residential status of non resident
- ITR-3 File/Error Found
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
