Bonus Shares by Pvt Ltd Co.

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2009 The Articles of a private limited company requires approval of members in general meeting for capitalization of profit. No ordinary or special resolution has been mentioned.

Now to issue bonus shares what resolution need to be passed.

Also if ordinary resolution is passed , is it necessary to file Form 23.

31 December 2009 To issue bonus share you can pass ordinary resolution in EGM and no need to file form 23 for it.


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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2009 Is form 23 is for alteration of AOA and MOA

01 January 2010 Form 23 is required only if alteration is made by Special Resolution and not ordinary resolution


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