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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.
Procedure For Issue Of Bonus Shares Ensure the meeting has the required quorum that is ⅓ rd of the total strength of the Board. Place the board resolution for approving the issue subject to the approval by shareholders in a general meeting by an ordinary resolution. Ensure that the resolution is passed.
Bonus shares are beneficial to shareholders in many ways. The advantages of bonus shares include the following: Bonus shares give investors more shares, increasing their investment and making it easier to buy and sell stocks. Those who get bonus shares don't have to worry about paying taxes because there aren't any.