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.
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1. Ins. by Act 29 of 2020, s. 52 (w.e.f. 11-2-2021).
Section 378ZA Annual general meetings
Section 378ZC Special user rights
Section 378ZD Transferability of shares and attendant rights
Section 378ZE Books of account
Section 378ZG Duties of auditor under this Chapter
Section 378ZH Donation or subscription by Producer Company
Section 378ZI General and other reserves
Section 378ZJ Issue of bonus shares
Section 378ZK Loan, etc., to Members
Section 378ZL Investment in other companies, formation of subsidiaries, etc