Issue of bonus shares: producer companies may capitalise general reserves to issue bonus shares after board recommendation and member resolution. A Producer Company may, upon recommendation of the Board and passing of a resolution in the general meeting, issue bonus shares by capitalisation of ... Summary
Issue of bonus shares: producer companies may capitalise general reserves to issue bonus shares after board recommendation and member resolution.
A Producer Company may, upon recommendation of the Board and passing of a resolution in the general meeting, issue bonus shares by capitalisation of amounts from the general reserves in proportion to the shares held by Members on the date of issue.
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