Last six types of company charges that require registration as outlined in the Companies Act of the Laws of Kenya
ANSWER
Circumstances in which a company may issue bonus shares:
• There must be authority in the articles.
• It must be authorised by an ordinary resolution of members in general meeting.
• It must be recommended by the board and approved by the general meeting.
• Bonus issues can be financed by reserves or by share premium account.
• Its nominal share capital must be sufficient.
• A return of allotment must be delivered to the Registrar within one month of allotment.
• Must be issued in the proportion prescribed by the articles.
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