Bonus issue

[Priyanka Jain]

Dear Sir/Mam

If our AOA does not contain any point regarding bonus issue then this point should include in AOA and pls mention this point. for Bonus issue OR pass or SR Pass.

[DR.MARIAPPAN GOVINDARAJAN]

Dear Sir,

Whether you have got clarified on the said issue? If not please inform me.

[DR.MARIAPPAN GOVINDARAJAN]

Dear Sir,

If the AOA does not contain for the issue of bonus shares, then it should be amended as per the provisions of the Companies Act, 2013 and also if required the authorized capital is required to be raised the same has to be incorporated in Memorandum of Association.]

For the issue of Bonus shares, ordinary resolution is enough in the general meeting of the shareholders.

AI Summary

Bonus issue: amend articles if silent and increase authorised capital in memorandum when needed; requires ordinary resolution. If the articles of association lack provision for issuing bonus shares, the articles must be amended and, where necessary, the memorandum must be altered to increase authorised capital; the issue of bonus shares is effected by an ordinary resolution at a general meeting.