Neeta (Finance) (345 Points)
01 March 2010A pvt company wants to issue shares to its selective shareholders ( not all ) out of the reserves and surplus ? as per me itz not happening ,, plz confirm !
thers an option for Bonus issue , is it necessary that bonus issue shud be issued to all ,,, plz quote the neccessary section where i cud refer the matter .
Any other option available ?
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 02 March 2010
According to me a private company can issue shares to the selective shareholders as section-81 for right issue is not applicable to a private company.
Regards
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 02 March 2010
Regarding bonus issue to selective shareholders kindly visit the link below:
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
