LMN Ltd. is planning to issue bonus shares to its existing shareholders. According to Chapter IV of the Companies Act, 2013, what steps must LMN Ltd. follow to comply with the statutory requirements for issuing bonus shares?
1
Obtain Board approval, file a resolution with the Registrar of Companies, and amend the Articles of Association (AoA).
2
Obtain shareholder approval via a special resolution, file the resolution with the Registrar of Companies, and ensure the Articles of Association (AoA) authorize the issuance.
3
Obtain approval from the Registrar of Companies and amend the Memorandum of Association (MoA).
4
Obtain shareholder approval via an ordinary resolution, file the resolution with the Ministry of Corporate Affairs, and amend the Articles of Association (AoA).
5
Obtain approval from the Securities and Exchange Board of India (SEBI) and file an application with the NCLT.