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        Companies Law

        Section 581ZJ - Issue of bonus shares.

        Companies Act, 1956
        Chapter IXA
        CHAPTER I PRODUCER COMPANIES

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        Bonus share issuance requires board recommendation and general meeting resolution; capitalisation from general reserves proportionate to holdings. Any Producer Company may issue bonus shares by capitalising amounts from the general reserves referred to in section 581ZI, upon recommendation of the Board and subject to approval by resolution in the general meeting, with allotment made in proportion to the shares held by members on the date of issue.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Bonus share issuance requires board recommendation and general meeting resolution; capitalisation from general reserves proportionate to holdings.

                              Any Producer Company may issue bonus shares by capitalising amounts from the general reserves referred to in section 581ZI, upon recommendation of the Board and subject to approval by resolution in the general meeting, with allotment made in proportion to the shares held by members on the date of issue.


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