COMPANY LAW Benshawn limited, is proposing to offer shares to its shareholders instead of giving them dividends. Phil Sh

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answerhappygod
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COMPANY LAW Benshawn limited, is proposing to offer shares to its shareholders instead of giving them dividends. Phil Sh

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COMPANY LAW
Benshawn limited, is proposing to offer shares to itsshareholders instead of giving them dividends. Phil Shaka, ashareholder has opposed the proposal on the grounds that it offendsall the rules governing the maintenance of the capital but Benshawnlimited is adamant. Phil Shaka feels aggrieved and has approachedfor your advice. In reference to the company law, advise Phil onthe legality of the proposed offer by Benshawn limited. (10Mks)
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