Issue of Bonus Share

This query is : Resolved

Bhavya (Querist)
Follow

04 October 2010 Actually i want 2 know what are the conditions for issuing bonus shares ???
1st is that company should convert partly paid up shares to fully paid up shares
In this case company will call up full amt on shares but what if sum shares are still unpaid i mean there are calls in arrears so now bonus shares will be issued to whom ??
and in what proportion???
Will bonus shares be issued to them also whose shares are partly paid ??

Karan Budhiraja

Karan Budhiraja (Expert)
Follow

04 October 2010 the bonus shares are to converted into fully paid up in-order to be eligible for bonus shares.

Thanks®ards,
Karan
CS LL.B

Bhavya

Bhavya (Querist)
Follow

04 October 2010 my query still remains unsolved ....

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