CAPITALIZATION OF PROFITS AND BONUS SHARES
91. The shareholders may resolve that it is desirable to capitalize any part of the amount, for the time being standing to the credit of the Company’s surplus account or otherwise available for distribution, as a dividend and accordingly that such sum be set free for distribution amongst the shareholders who would have been entitled thereto if distributed by way of dividend and in the same proportions on condition that the same be not paid in cash but applied either in or towards paying up in full un issued shares of the Company to be allotted and distributed credited as fully paid to and amongst such shareholders.