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Provision with Respect to Issue of Bonus Share

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(Querist)
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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 April 2022 Declare 3:1 bonus .
Sell and distribute the fractional shares.
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