Forums
Back
Accountancy
Can we Provide Bonus Shares to Preference Shareholders?
harkirat singh
CA Inter
★ 1K+
29-Oct-22 21:47
343
Answers (3)
No If u do, then it will be considered as deemed Dividend as per income tax law
Sathya Sai K
CA Final
★ 2K+
29-Oct-22 21:55
There is no explicit provision stating " Bonus shares to be issued only to Equity Shareholders only".
Rajasekaran Suresh
★ 495
29-Oct-22 22:48
Bonus would be issued to equity shares only unless terms of shareholder agreements provide otherwise. The reserves belong to equity shareholder.
CA Suraj Lakhotia
Admin
31-Oct-22 11:03
Attach
