Procedure for issue of Bonus shares under Companies Act, 2013
2 min read
December 7, 2020 by Team Instabizfilings
Bonus shares are issued free of cost It is issued to current shareholders in proportion of their holding. For e.g. if it issued in 2:5 ratio, it means for every 5 shares held, they will get 2 bonus shares It is mandatorily to be issued as fully paid up shares