banner_ad

Bonus shares issued by public co.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 May 2012 Hello Sir,
A public company wants to issue bonus shares.
Can any one please reply which type of resolution is required to be passed i.e. ordinary or special ????
Profile Image

Ajay Mishra

Profile Image

Ajay Mishra (Expert)
18 May 2012 Hi


Special Resolution is required to be pass under section 81(1A) of the Companies Act, 1956 and Form 23 is also to be filed with ROC with in 30 days of passing of such resolution.

For more details go to the following link:


https://www.caclubindia.com/experts/bonus-shares-976540.asp
Profile Image

Devendra Pratap Singh

Profile Image

Devendra Pratap Singh (Querist)
21 May 2012 Thanks for your valuable response.
I have analysed the aforesaid section & came to the conclusion that SR needs to be passed only when the shares are being issued to the persons other than the existing shareholders.

So, in my case, since shares are being issued to existing shareholders, OR needs to be passed.

please reply at the earliest
Profile Image

Devendra Pratap Singh

Profile Image

Devendra Pratap Singh (Querist)
21 May 2012 Thanks for your valuable response.
I have analysed the aforesaid section & came to the conclusion that SR needs to be passed only when the shares are being issued to the persons other than the existing shareholders.

So, in my case, since shares are being issued to existing shareholders, OR needs to be passed.

please reply at the earliest
Profile Image

Devendra Pratap Singh

Profile Image

Devendra Pratap Singh (Querist)
21 May 2012 Thanks for your valuable response.
I have analysed the aforesaid section & came to the conclusion that SR needs to be passed only when the shares are being issued to the persons other than the existing shareholders.

So, in my case, since shares are being issued to existing shareholders, OR needs to be passed.

please reply at the earliest
Profile Image

Ajay Mishra

Profile Image

Ajay Mishra (Expert)
21 May 2012 Hi


In Section 81(1A) you will only pass Special Resolution in all cases and not Ordinary resolution whether you are issuing shares to existing shareholders or not.


Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details