Can Bonus Equity Shares be Issued to??
This query is : Resolved
14 January 2009
Can Bonus Equity Shares be Issued to
the Preference Shareholders??
the Preference Shareholders??
14 January 2009
In this case if AOA is silent then bonus shares can be issued to Preference Shareholders only after issuing them to equity.
CS. Ashish Shah
(Expert)
18 February 2009
No
Bonus Equity Shares can not be issued to the Preference Shares, because they carry a preference right to Dividend and on dissolution in the capital.
Bonus Equity Shares can not be issued to the Preference Shares, because they carry a preference right to Dividend and on dissolution in the capital.
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