CS
234 Points
Joined February 2009
“RESOLVED THAT PURSUANT TO THE RECOMMENDATION OF THE BOARD OF DIRECTORS
AND AOA OF THE COMPANY, COMPANY IS ISSUING BONUS SHARES --- TIMES OF THE
SHARES HELD BY THE MEMBER. A SUM OF RS. ____________ BE CAPITALIZE AND SUCH
AMOUNT BE APPLIED IN PAYING UP IN FULL _______________ EQUITY SHARES OF RS. _ EACH
IN THE CAPITAL OF THE COMPANY TO BE ALLOTTED, TO THE MEMBERS OF COMPANY
HOLDING EQUITY SHARES OF RS._____ EACH, WHOSE NAMES STAND ON THE REGISTER
OF MEMBERS OF THE COMPANY.”
Explanatroy Statement pursuant to section 173 (2) of the companies act, 1956
“AS COMPANY WANTS TO CAPITALISE ITS PROFIT, COMPANY IS ISSUING BONUS
SHARES __TIMES OF THE SHARES HELD BY THE MEMBER. A SUM OF RS. _______ BE
CAPITALIZE AND SUCH AMOUNT BE APPLIED IN PAYING UP IN FULL ________ EQUITY
SHARES OF RS.___ EACH IN THE CAPITAL OF THE COMPANY TO BE ALLOTTED, TO THE
MEMBERS OF COMPANY HOLDING EQUITY SHARES OF RS ____ EACH, WHOSE NAMES
STAND ON THE REGISTER OF MEMBERS OF THE COMPANY.
(IF COMPANY IS ATHORISED BY AOA IN ISSUE BONUS SHARE THEN COMPANY CAN ISSUE SUCH BONUS SHARE BY PASSING SUCH BOARD RESOLTUION)