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What is the entry of bonus share shares 100000 1 bonus shares for every 5 shares?
Wiki User
∙ 15y ago
No need to pass any Entry Because u need not to pay any amount in respect of such Shares,Just increase the no. of Shares. Ok SONU BHOJWANI No need to pass any Entry Because u need not to pay any amount in respect of such Shares,Just increase the no. of Shares. Ok SONU BHOJWANI
Wiki User
∙ 15y ago
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What is the entry of bonus share shares 100000 1 bonus shares for every 5 shares now what is the acquesition cost?
cash (100000x5) 500,000 capital stock(100,000x5) 500,0000
What is bonus in stock market?
A bonus share is nothing but free shares of the company in which you already hold shares that are given to you by the company for being a share holder of the company. Lets say you hold 100 shares of XYZ company and the company declares a 1:1 bonus (that is you get 1 share for every 1 share of that company you hold) So once the bonus is declared, you would be holding 200 shares instead of 100. you had bought only 100 the extra hundred is the bonus.
How many turkeys are eaten every thanksgiving?
100000
Is there a right for every employee to have a bonus?
No. You have a right to be paid for work that was assigned and completed. A bonus is beyond that, and is not a right.
What is Reversionary Bonus in Life Insurance?
Reversionary Bonus Means, Life insurance company will declare bonus every year fo the Traditional and Endownment policies. It based upon company profit by that particular type of products. And reversionary bonus wil increase gradually for every year.
Is bonus a noun?
Bonus is a noun, something paid over and above what is due - for example, every purchaser of some coffee received a box of chocolates as a bonus
How do you get shaymin as your friend in Pokepark pikachu's adventure?
get a bonus on every Pokemon in absols hurdle dash
Every year 100000 people die from smoking?
no you are stupid if you don't know this
How many people visit brecon beacons every day?
100000
What does an eleven ten stock split mean?
It means for every 11 shares of a stock you own, you will get 11 shares in return.
Sentence with entry and exit?
There is a entry in the door way. Every doorway has an exit sign to show you where to go out. The castle had a huge entry.
What is the procedure for issue of bonus share adopted by a company?
Conditions for issue of bonus shares :For making an issue of bonus shares, the following conditions must be complied with:(1) Sufficient undistributed profits must be there.(2) Articles must permit such an issue.(3) Suitable resolution by the Board of Directors must be passed.(4) Formal approval of the shareholders in a general meeting must be secured.(5) Permission of the 'Controller of Capital Issues' must be obtained under the Capital Issues Control Act, 1947, regardless of the amount involved. There is no lower exemption limit in case of bonus share because care is taken to see that the company does not get over-capitalised in the process, and that the issue satisfies the guide­lines prescribed by the Government in that regard. It is worth noting here that the said permission is required to be obtained by every company whatsoever-private company, banking and insurance com­pany, government company and public company.Procedure on Issue of Bonus Shares :The secretarial procedure followed in the issueof bonus shares may briefly be stated as follows :(1) To ensure that Articles permit the issue of bonus shares. If not, the Articles should be suitably amended.(2) To ensure that the bonus issue is within the limits of authorized share capital of the company. If not, memorandum and articles have to be suitably amended.(3) To convene a meeting of the Board of Directors:to consider the proposal for 'Bonus Issue' and the proportion in which the same should be issued.to fix up the date, time, place and agenda of the extra-ordinary general meeting to be convened for securing the approval of the shareholders.to approve the date of closing the Register of Members and transfer books.(4) If the company's shares are listed on a Stock Exchange, to notify the Exchange of the date of the Board meeting which will consider the issue of bonus shares and further to notify the Exchange of the decision in that regard immediately after a formal decision has been taken.(5) To issue notices to members relating to the aforesaid general meeting along with the explanatory statement.(6) To pass a resolution in the general meeting, as per Articles. If it is a special resolution a copy thereof to be filed with the Registrar within 30 days.(7) To obtain the permission of the Controller of Capital Issues regardless of the amount involved.(8) To obtain the approval of stock exchange(s) for the procedure to be followed for allotment of bonus shares.(9) To obtain the approval of the Reserve Bank of India, under the foreign Exchange Regulation Act, 1973, for allotment of bonus shares to non-resident members, if any.(10) To prepare 'provisional allotment sheets' i.e., the lists of members showing their present shareholding and the number of bonus shares to which they are entitled.(11) To convene another Board meeting: (i) to approve the 'provi­sional allotment sheets' and to pass an allotment resolution, and (ii) to approve the date of closing the Register of Members and transfer books.(12) To give a public notice in some leading newspaper regarding the closure of Register of Members and transfer books for the purpose of issue of bonus shares. (A specimen of such a notice is given at the end of this chapter)(13) To issue Allotment Letters to the members along with a circular-explaining how the allotment has been made.(14) To file with the Registrar within 30 days of allotment a 'Return of Allotment' stating: (i) the number and nominal amount of the bonus shares so allotted; (ii) names, addresses and occupations of the allottees; and (iii) a copy of the resolution authorising the issue of such shares [Sec. 75(1) (c)(i)].(15) To make necessary entries in the Register of Members.(16) To prepare and issue new share certificates.
