shareholder, being a person who is the beneficial owner of shares (not being shares entitled to a fixed rate of dividend whether with or without ... distribution is attributable to the capitalised profits of the company representing bonus shares allotted to its equity shareholders after the 31st day of March
Section 10 in The Income Tax Act, 1961
10. Incomes not included in total income
section (5) of section 11; or (A) shares in a public sector company; (B) shares prescribed as a form or mode of investment under clause ... part of the corpus mentioned in clause (i), by way of bonus shares allotted to the trust or institution;] [ Inserted
long as such failure continues, declare any dividend on its equity shares.] [ Inserted by Act 31 of 1988, Section ... company for the purpose of issuing fully paid-up bonus shares or paying up any amount for the time being unpaid on any shares held
which related to payment of
bonus, provided-(i) that no profit-sharing bonus shall be
paid but the Corporation may, subject to such directions ... bonus, the employees were not entitled to claim annual cash
bonus, is erroneous. The employees had absolute right to
receive annual cash bonus from
price of shares became stable it was Rs. 9 - per
share, while the value of the shares before the issue of
bonus shares ... preference shares and the ordinary shares could hardly
be valued in the proportion of their face value. The
ordinary shares and the preference shares
whether by public issue [or rights issue or by issue of bonus shares] [Substituted by Act 45 of 2006, Section 2, for Clause ... shares in respect of share capital not paid-up; (ii) either with or without extinguishing or reducing liability on any of its paid-up shares
shares, it shall have power to issue shares up to the nominal amount of the shares redeemed or to be redeemed as if those shares ... shares in pursuance of this sub-section: Provided that, where new shares are issued before the redemption of the old shares, the new shares shall
case of shares (not being bonus shares) allotted as fully or partly paid up otherwise than in cash, produce for the inspection and examination ... Clause (c) (w.e.f. 28.12.1960). ] (i) in the case of bonus shares, a return stating the number and nominal amount of such shares comprised
bonus shares is to take the cost of the original shares, spread it over the original shares and the bonus shares collectively and find ... right shares in the proportion of one share for every five shares held in both the cases. Simultaneously, it also issued new equity shares
