Can a company make a bonus issue of preference shares?

Affluence Advisory , Last updated: 11 September 2024  
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Bonus shares are a source of earnings for shareholders and for company it is returning profit to shareholders. It is generally seen that bonus shares are of equity only. But question arises is can preference shares be issued as bonus shares to equity shareholders? Legal background Section 63. (1

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Published by

Affluence Advisory
(corporates )
Category Corporate Law   Report

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