Urgent
If bonus shares is to be issued and allotted in September, 2010, then whether such shares qualify for the dividend declared subsequent to that year for F.Y. 2010-11?
vivek
(CS)
(751 Points)
Replied 28 June 2010
If u have isued the bonus shares before the record date in whose folio they are he will get the devidend on that.
Yogesh Bhatt
(Company Secretary)
(475 Points)
Replied 28 June 2010
dear Sadhana
When we issue share we use word PARI PASSU in resolution. so that bonus shares are qualify for dividend.
danish dabir
(mumbai)
(218 Points)
Replied 15 July 2010
ya in above case bonus shares will get dividend but dey should be issued before the declaration of dividend....nd if dey are issued after declaration of dividend den dey are not liable 4 getting dividend
CAclubindia
