I have a doubt in bonus
THERE IS A PROVISION THAT IF SHARE ARE NOT FULLY PAID UP THEN CO. CAN NOT ISSUE BONUS SHARE BUT IF CO. WANTS TO CONVERT PARTLY PAID TO FULLY PAID THEN IT CAN ISSUE BONUS......
HOW THIS CAN BE POSSIBLE
PLZZ PLZZ EXPLAIN
4 Replies
JPBJK
(Student)
(367 Points)
Replied 03 April 2011
Partly paid up shares need to be converted to fully paid up...
1) By calling unpaid amount
2) By co. itself (BONUS CALL)
After converting into fully paid up...Company can issue BONUS SHARES
vignesh
(B-com CS CA-Final CFA-level 1 candidate)
(1053 Points)
Replied 12 April 2011
to call the remaining captial....and then issuig bonus share
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