Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Issuers must implement bonus issues within 15 days if no shareholder approval is needed; otherwise, within two months.</h1> An issuer announcing a bonus issue, after board approval and not needing shareholder approval for capitalizing profits or reserves, must implement the bonus issue within fifteen days of board approval. If shareholder approval is required, the bonus issue must be completed within two months from the board meeting where the decision was made. Once announced, the bonus issue cannot be withdrawn.
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