Bonus share
This query is : Resolved
18 August 2012
STEPS:
1. VERIFY WHETHER THE COMPANY IS ELIGIBLE TO ISSUE BONUS SHARES.
2. VERIFY WHETHER THERE IS ADEQUATE UN-ISSUED EQUITY CAPITAL IN THE AUTHORIZED CAPITAL
3. DETERMINE THE TERMS AND CONDITIONS OF BONUS ISSUE
4. CONVENE BOARD MEETING - PASS BOARD RESOLUTION
5. GIVE NOTICE OF EXTRAORDINARY GENERAL MEETING
6. PASS ORDINARY RESOLUTION IN THE EXTRAORDINARY GENERAL MEETING
7. CONVENE BOARD MEETING --MAKE ALLOTMENT OF SHARES
8. FILE RETURN OF ALLOTMENT
9. ALL SHARE CERTIFICATES SHALL BE DELIVERED TO THE SHAREHOLDERS WITHIN 3 MONTHS FROM THE DATE OF ALLOTMENT OF BONUS SHARES.
STEPS:
1. VERIFY WHETHER THE COMPANY IS ELIGIBLE TO ISSUE BONUS SHARES.
2. VERIFY WHETHER THERE IS ADEQUATE UN-ISSUED EQUITY CAPITAL IN THE AUTHORIZED CAPITAL
3. DETERMINE THE TERMS AND CONDITIONS OF BONUS ISSUE
4. CONVENE BOARD MEETING - PASS BOARD RESOLUTION
5. GIVE NOTICE OF EXTRAORDINARY GENERAL MEETING
6. PASS ORDINARY RESOLUTION IN THE EXTRAORDINARY GENERAL MEETING
7. CONVENE BOARD MEETING --MAKE ALLOTMENT OF SHARES
8. FILE RETURN OF ALLOTMENT
9. ALL SHARE CERTIFICATES SHALL BE DELIVERED TO THE SHAREHOLDERS WITHIN 3 MONTHS FROM THE DATE OF ALLOTMENT OF BONUS SHARES.
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