Bonus Share 2022: As the earnings season is about to end and most companies have announced their Q1 results, shareholders are waiting for the reward from the companies in the form of dividends and bonus shares. There is a news from the stock market for such shareholders. The three companies are going to consider and announce bonus shares next week. These three companies are Sayanand Commercial, Insecticides India and Bharat Gears Limited. Bharat Gears had earlier informed Indian exchanges that its board is going to consider and approve the issue of bonus shares on 19 August 2022, but has now rescheduled the board meeting to 24 August 2022. for the same.
Here we list the details regarding bonus share issueTo be considered and announced by these three companies:
Sayanand Commercial: The Board of Directors of Micro-cap company Sayanand Commercial Limited is going to consider and approve the issues of Bonus Shares on 25th August 2022. As per the information available on BSE website, Sayanand Commercial Limited has notified Indian Exchanges citing developments, Regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, We would like to inform you that the Directors of the Company The meeting of the Board will be held on Thursday, 25th August at the Registered Office of the Company. 2022 To, inter alia, recommend and approve the issue of bonus shares to the equity shareholders of the Company.
Pesticides India: The Board of Directors of Insecticides India Limited is going to consider and approve the Bonus Shares in its meeting to be held on 20th August 2022. Informing the exchanges of the Indian stock exchange on bonus share development, Insecticides India Limited in its recent exchange filing said, “In terms of regulation 29 SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 it is notified that Insecticides (India) a) meeting of the Board of Directors of the Company shall be held on Saturday, August 20, 2022 to consider, inter alia, the proposal for issuance of bonus shares to the equity shareholders of the Company, subject to the approval of the shareholders.”
Bharat Gears: Earlier, the small-cap company had informed BSE that its board of directors is going to consider and approve the bonus shares in its finance committee meeting to be held on August 19, 2022. However, the company informed BSE on 19 August 2022 that the meeting has been rescheduled. By 24 August 2022.
In its latest exchange filing, the small-cap company said, “In accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors meeting of the company held on 3/22-23 on August 24 , to be held on 2022, inter alia, to consider issuance of bonus shares to the members of the Company by way of capitalization of reserves.
Income Tax Rules on Bonus Shares
As per the taxation rules in respect of bonus shares, the cost value of bonus shares shall be deemed to be nil if it is issued after 31st January, 2018 whereas in case of bonus shares issuance on or before 31st January 2018, at its cost price will be considered. Close price as on 31st Jan 2018. Further, the sale of shares after the bonus share issue is considered on FIFO (First In First Out) basis. This means, if a shareholder decides to sell the shares after the issue of bonus shares, the shares initially purchased by him will be deemed to have been sold and once the initial shares are sold, the bonus shares will be deemed to have been sold. goes.
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