https://www.taxtmi.com/article/detailed?id=5523 Only fully paid up bonus shares may be issued, subject to an articles provision and member authorisation on the board's recommendation. The company must have no defaults on payments of fixed deposits, debt securities or statutory employee dues; any partly paid shares must be made fully paid prior to allotment. Bonus shares may be capitalised from free reserves, securities premium and capital redemption reserve but not from revaluation reserves. Procedure requires board approval, member approval, allotment, filing the return of allotment with the Registrar, issuance of share certificates and updating registers and minutes. en-us Fri, 14 Mar 2014 07:51:58 +0530 Fri, 14 Mar 2014 07:51:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5523 Only fully paid up bonus shares may be issued, subject to an articles provision and member authorisation on the board's recommendation. The company must have no defaults on payments of fixed deposits, debt securities or statutory employee dues; any partly paid shares must be made fully paid prior to allotment. Bonus shares may be capitalised from free reserves, securities premium and capital redemption reserve but not from revaluation reserves. Procedure requires board approval, member approval, allotment, filing the return of allotment with the Registrar, issuance of share certificates and updating registers and minutes. Articles Corporate Laws / IBC / SEBI Fri, 14 Mar 2014 07:51:58 +0530 https://www.taxtmi.com/article/detailed?id=5523