Issue of bonus shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2013
can we utilize share premium account for issuing of bonus share, currently if company do not have equity share premium but have issued convertible preference at a premium (fully paid)
my query is
1. can security premium of pref shares can be used for issue of bonus
2. whether pref.shares need to be converted into equity share before issue of bonus share?
3. is bonus shares are required to be issued when in future year the pref shares are converted into equity
4.Are there any guidelines for issue of bonus share by pvt.co.?
my query is
1. can security premium of pref shares can be used for issue of bonus
2. whether pref.shares need to be converted into equity share before issue of bonus share?
3. is bonus shares are required to be issued when in future year the pref shares are converted into equity
4.Are there any guidelines for issue of bonus share by pvt.co.?
02 July 2013
Go to the following link, it may help you:
https://www.caclubindia.com/share_files/issue-of-bonus-shares-37558.asp
https://www.caclubindia.com/share_files/issue-of-bonus-shares-37558.asp
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