Chitika

Saturday 26 March 2011

Sec. 78(2) (a) - Issue of Bonus shares out of share premium account - Board Resolution;






section (3) of section 205 of the Companies Act, 1956, that a sum of Rs…………. out of the share premium account in which a sum of Rs. ………… is lying unutilized, be and is hereby utilized in paying up unissued shares of the company in the authorized capital of Rs. ………… by issuing fully paid bonus shares in the proportion of 1 bonus share for every share held in the company as on …………
being the record date.

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