Can a private limited company issue bonus shares?

We are a private limited company engaged in manufacturing of a food product.

We have just commenced production. We would like to issue bonus shares to our original
founders.

Is there any restriction or paper work required to issue bonus shares?

Replies (4)
No, you can't issue bonus shares to promoters
Originally posted by : Jatin
No, you can't issue bonus shares to promoters

Thanks, Can we issue rights at a premium to the promoters?

no u can't issue share to promotor
absolutely not to promoters

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