The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing changes to streamline the timeline for bonus share issues. SEBI suggests that bonus shares should be credited and available for trading on a T+2 basis post the record date, meaning they would show up in demat accounts within two days. Additionally, SEBI proposes that all bonus issues be implemented within 15 days from the date of board approval. This move aims to expedite the process and ensure uniformity in the timeline for bonus share issues. A smallcap company has announced a 1:2 stock split and bonus share issue, with August 9 set as the record date.