1[378ZJ.Issue of bonus shares

Any Producer Company may, upon recommendation of the Board and passing of resolution in the general meeting, issue bonus shares by capitalisation of amounts from general reserves referred to in section 378Z-I in proportion to the shares held by the Members on the date of the issue of such shares]

Amendments

1. Inserted by Companies(Amendment) Act 2020  Dated 29.09.2020       Amendment Effective from 11th February 2021