In case of a Private Limited Company, the board meeting approves the bonus issue subject to approval of members in the ensuing AGM. IN AGM members approve the bonus issue. Query: 1. Do we again need to hold Board Meeting for allotment of Bonus shares? If yes, is there any maximum time period to hold the Board Meeting? 2. Does stamp duty is to be paid for Share Certificates issued upon Bonus Issue? Kindly revert on URGENT Bases.
Posted by Savita Singla on 27 Sep 2017
Section 63 Issue of bonus shares.You should be login to post your answer, post your comment, like, dislike. To login Click Here