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Selective bonus

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Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2013 Can a Private Company make Selective issue of Bonus Shares to only few equity shareholders and three fourth majority of the class agree with the same; and a clause in Articles of Association for issue of Bonus Shares, in terms of Section 106 of the Companies Act, 1956.??
Reliance Power back in 2008 have contemplated and did a similar thing wherein Promoter shareholder refused to accept the Bonus Shares, but in this case, the same is not possible.
Is there a way out and can such selective bonus be effected??

Rupesh Jain

Rupesh Jain (Expert)
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20 June 2013 YOU CAN ISSUE BONUS SHARE TO ALL SHAREHOLDER OF ONE CLASS EQUITY SHARES

YOU CAN NOT MAKE THAT OUT OF 100 YOU GIVE BONUE TO 75 AND REMINAING 25 NO BONUS

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