Provision with Respect to Issue of Bonus Share
This query is : Resolved
08 April 2022
Sir,
I want a solution with respect to the following situation.
Company total number of share was 55519 (face value of Rs. 1000). How can I issue bonus share, if I have Surplus of Rs. 20000000. What was the solution to issue bonus share if the total number of share was not divisible by any other number.
I want a solution with respect to the following situation.
Company total number of share was 55519 (face value of Rs. 1000). How can I issue bonus share, if I have Surplus of Rs. 20000000. What was the solution to issue bonus share if the total number of share was not divisible by any other number.
CA R SEETHARAMAN
(Expert)
08 April 2022
Declare 3:1 bonus .
Sell and distribute the fractional shares.
Sell and distribute the fractional shares.
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