DIAMOND INTERNATIONAL LTD.
Phone: 022-50202113 Website: www.dimondlimited.com
Sub. : Renewal of Fixed Deposit
The Board of Directors by passing a resolution at the Board meeting held on 17th March 2019 has decided to renew the deposits for a further period of 2 years on the same terms and conditions.
A Deposit Receipt No. 5925 is enclosed along with this letter.
Encl : Fixed Deposit Receipt No. 5925
Bonus Shares are fully paid up shares given by a company as a gift, out of its accumulated profits or reserves to existing equity shareholders in proportion to shares held by them. It is given free of cost.
YASH INDUSTRIES LIMITED
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Sub. : Issue of Bonus Shares
The Details of the issue of Bonus Shares are as follows :
The Company has complied with the provisions for the issue of Bonus Shares. The Bonus Shares issued will rank pari passu with the existing equity shares.
A Share Certificate is a registered document of title to the shares issued by the company under the common seal duly stamped and signed by at least two Directors and countersigned by the Secretary of the company. Every company must issue or dispatch a Share Certificate to the allottee within two months after allotment of Shares.
When a company allots debentures to the applicant, a Letter of allotment of debentures is sent to the debenture holders. This letter of allotment is to be preserved by the debenture holder as he gets Debenture Certificate in exchange for this letter.
This letter contains the details of the issue of debentures i.e: Number of debentures applied for, Number of debentures allotted, Distinctive numbers of debentures, Amount received, Types of debentures, Rate of Interest, Maturity date, etc.
A deposit is a borrowed capital. Depositors get interest as a return on their investment of money in deposits. This letter is sent by the company to the depositor when interest on the deposit becomes due. In this letter, the Company Secretary gives detailed information about payment of interest such as – Amount of deposit, Rate of interest, Gross amount of interest, TDS, Net amount of interest, Interest Warrant No., etc. The company pays interest through) Electronically
Reference: MHSB Books
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