https://www.taxtmi.com/forum/issue?id=105769 A bonus issue capitalizes undistributed profits and reserves by issuing fully paid shares pro rata to existing equity shareholders without cash subscription; it requires sufficient undistributed profits, conformity with the articles and authorized capital, board and shareholder approvals, and prescribed regulatory and stock exchange permissions. Procedural steps include board consideration, member notice and resolution, provisional allotment sheets, board allotment, public notice of register closure, allotment letters, statutory register entries, issuance of new share certificates, and filing the return of allotment with the registrar. en-us Fri, 07 Jun 2013 12:30:57 +0530 Thu, 23 Jan 2025 15:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105769 A bonus issue capitalizes undistributed profits and reserves by issuing fully paid shares pro rata to existing equity shareholders without cash subscription; it requires sufficient undistributed profits, conformity with the articles and authorized capital, board and shareholder approvals, and prescribed regulatory and stock exchange permissions. Procedural steps include board consideration, member notice and resolution, provisional allotment sheets, board allotment, public notice of register closure, allotment letters, statutory register entries, issuance of new share certificates, and filing the return of allotment with the registrar. Discussion-Forum Companies Law Fri, 07 Jun 2013 12:30:57 +0530 https://www.taxtmi.com/forum/issue?id=105769