Bonus shares: free equity issued to existing shareholders in proportion to their holdings, converting reserves into paid-up capital. A bonus shares allotment denotes issuance of free equity shares by a company to its existing shareholders, distributed in proportion to their current shareholdings, converting reserves into paid-up capital without fresh consideration while preserving proportional interest.
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Provisions expressly mentioned in the judgment/order text.
Bonus shares: free equity issued to existing shareholders in proportion to their holdings, converting reserves into paid-up capital.
A bonus shares allotment denotes issuance of free equity shares by a company to its existing shareholders, distributed in proportion to their current shareholdings, converting reserves into paid-up capital without fresh consideration while preserving proportional interest.
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