Dear Members,
My query is, that in one of our company bonus shares was isssued, but the ratio of issue bonus shares was 1:8.47, so can the ratio for issuing bonus shars be in decimals???
Ugrent Reply Please
1 Replies
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 21 July 2013
Yes, it can be in decimals. But in the resolution you should also provide for manner of dealing with shares in fractions.
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