07-05-2006, 03:14 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Abdur.Rehman</i>
<br />Here the directors are issuing bonus shares or stock dividend, which is covered under the powers of directors.
And i agree with wut rememberance said after confirming from a very reliable source.
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Yeah I agree with Abdur.Rehman. In case of bonus shares shareholders approval is not required rather its the power of directors under section 196 of the Companies Ordinance, 1984.
<br />Here the directors are issuing bonus shares or stock dividend, which is covered under the powers of directors.
And i agree with wut rememberance said after confirming from a very reliable source.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yeah I agree with Abdur.Rehman. In case of bonus shares shareholders approval is not required rather its the power of directors under section 196 of the Companies Ordinance, 1984.