Bonus Shares by Pvt Ltd Co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 December 2009
The Articles of a private limited company requires approval of members in general meeting for capitalization of profit. No ordinary or special resolution has been mentioned.
Now to issue bonus shares what resolution need to be passed.
Also if ordinary resolution is passed , is it necessary to file Form 23.
Now to issue bonus shares what resolution need to be passed.
Also if ordinary resolution is passed , is it necessary to file Form 23.
31 December 2009
To issue bonus share you can pass ordinary resolution in EGM and no need to file form 23 for it.
others views are alos invited
others views are alos invited
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 December 2009
Is form 23 is for alteration of AOA and MOA
01 January 2010
Form 23 is required only if alteration is made by Special Resolution and not ordinary resolution
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