Question

Accent Ltd. issues bonus shares in the ratio of 1:2 to the equity shareholders. Write a letter to inform the shareholder.

Answer 1

Accent Limited Address: ______ CIN: ______ Phone No:                                                                     Website: accentltd.com Fax No.:                                                                         E-mail: [email protected] Reference No: Acc/Bonus/19-20                                   Date: 15th Sep, 20xx Mr. Somesh Patkar, Vishnu Road, chinchpokali-400011                                               Sub: Issue of Bonus Shares                                                 Dear Sir, I am directed by the Board of Directors to inform you that in accordance with the resolution passed in the Extra-ordinary General Meeting of the company held on 13th Sep, 20xx. shareholders have unanimously approved the recommendation of the Board of Directors to issue the Bonus Shares. Bonus Shares are issued in the ratio of 1:2. i.e. one additional equity for 2 shares held. The details of the bonus shares are as follows: 1 2 3 4 5 No. of Shares held on the record date No. of Bonus Shares Issued/Allotted DPID No. Client ID No. Date of Credit to DematA/c     Credited to Demat Account No   25 10 IN 300500 10126162 15/9/20xx The company has compiled provisions for the issue of Bonus Shares. The Bonus Shares issued will rank Pari Passu with existing equity shares. Thanking You.                                                                                                Yours Faithfully, Accent Ltd. Company Secretary