Section 378ZJ Issue of bonus Shares
- Chapter
- XXIA · Producer Companies
- Amendments
- 1
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021378ZJ. Issue of bonus Shares.—
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021Any Producer Company may, upon recommendation of the Board and passing of resolution in the general meeting, issue bonus shares by capitalisation of amounts from general reserves referred to in section 378Z-I in proportion to the shares held by the Members on the date of the issue of such shares.