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resolution

MAYANK GUGLANI (CA ) (124 Points)

26 August 2009

Resolution regarding issue of bonus shares at par in the case of private limited company..

please any one reply as soon as possible..Its urgent..

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2 Replies

khushboo (CS) (234 Points)
Replied 26 August 2009

1. Board Resolution approving bonus issue

RESOLVED that pursuant to Article __________ of the Articles of Association of the company, and subject to the consent of the members in the general meeting the Board do hereby recommend that a sum of Rs. __________ be capitalised out of the following namely,
1.
2.
3.
[State the reserves along with the amounts proposed to be capitalized from each reserve]
and be distributed amongst the equity shareholders of the company, by issue of __________ equity shares of Rs. __________ each credited as fully paid up to the equity shareholders in the proportion of __________ equity shares for every __________ equity shares held by them on the date the transfer books are proposed to be closed as may be declared by the board and that such new shares as and when issued and fully paid, shall rank pari passu with the existing equity shares.

RESOLVED FURTHER that for the purpose of putting into effect the proposed resolution, an extra-ordinary general meeting of the members of the company be convened to consider the proposed capitalisation of profits and issue of bonus shares

hope tht will be helpful for u

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khushboo (CS) (234 Points)
Replied 26 August 2009

“RESOLVED THAT PURSUANT TO THE RECOMMENDATION OF THE BOARD OF DIRECTORS

AND AOA OF THE COMPANY, COMPANY IS ISSUING BONUS SHARES --- TIMES OF THE

SHARES HELD BY THE MEMBER. A SUM OF RS. ____________ BE CAPITALIZE AND SUCH

AMOUNT BE APPLIED IN PAYING UP IN FULL _______________ EQUITY SHARES OF RS. _ EACH

IN THE CAPITAL OF THE COMPANY TO BE ALLOTTED, TO THE MEMBERS OF COMPANY

HOLDING EQUITY SHARES OF RS._____ EACH, WHOSE NAMES STAND ON THE REGISTER

OF MEMBERS OF THE COMPANY.”

Explanatroy Statement pursuant to section 173 (2) of the companies act, 1956

“AS COMPANY WANTS TO CAPITALISE ITS PROFIT, COMPANY IS ISSUING BONUS

SHARES __TIMES OF THE SHARES HELD BY THE MEMBER. A SUM OF RS. _______ BE

CAPITALIZE AND SUCH AMOUNT BE APPLIED IN PAYING UP IN FULL ________ EQUITY

SHARES OF RS.___ EACH IN THE CAPITAL OF THE COMPANY TO BE ALLOTTED, TO THE

MEMBERS OF COMPANY HOLDING EQUITY SHARES OF RS ____ EACH, WHOSE NAMES

STAND ON THE REGISTER OF MEMBERS OF THE COMPANY.

(IF COMPANY IS ATHORISED BY AOA IN ISSUE BONUS SHARE THEN COMPANY CAN ISSUE SUCH BONUS SHARE BY PASSING SUCH BOARD RESOLTUION)