Can Bonus Equity Shares be Issued to??

This query is : Resolved 

14 January 2009 Can Bonus Equity Shares be Issued to
the Preference Shareholders??

14 January 2009 In this case if AOA is silent then bonus shares can be issued to Preference Shareholders only after issuing them to equity.

18 February 2009 No

Bonus Equity Shares can not be issued to the Preference Shares, because they carry a preference right to Dividend and on dissolution in the capital.


17 March 2009 I disagree. AOA can state the things.



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