https://www.taxtmi.com/acts?id=33695 An issuer may make a bonus issue only after reserving equity shares proportionately for holders of compulsorily convertible debt instruments and issuing those reserved shares to holders on conversion on the same terms; bonus shares must be issued only out of free reserves, securities premium or capital redemption reserve, not from revaluation reserves, and may not be issued in lieu of dividends. Bonus on SR equity to promoters must preserve voting parity with ordinary shares and allotment must be in dematerialised form. en-us Fri, 21 Dec 2018 14:51:52 +0530 Mon, 12 Aug 2024 15:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33695 An issuer may make a bonus issue only after reserving equity shares proportionately for holders of compulsorily convertible debt instruments and issuing those reserved shares to holders on conversion on the same terms; bonus shares must be issued only out of free reserves, securities premium or capital redemption reserve, not from revaluation reserves, and may not be issued in lieu of dividends. Bonus on SR equity to promoters must preserve voting parity with ordinary shares and allotment must be in dematerialised form. Act-Rules SEBI Fri, 21 Dec 2018 14:51:52 +0530 https://www.taxtmi.com/acts?id=33695