Bonus payable on maturity of the policy is termed as

Related MCQs

• Under ……policy the sum assured becomes payable on the attainment of a specific age or on death whichever is earlier
• Bonus in reduction of premium appears in the revenue a/c as ----------
• Section ….. of the Companies Act deals with issue of bonus shares
• Bonus shares can be issued only on getting approval of
• Capital redemption reserve and security premium can be utilised for issuing ………bonus shares
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Bonus issue can be made out of securities premium collected in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Bonus issue is permitted only if all partly paid shares are made‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Bonus issues ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ even when the shares are partly paid.
• Holdings of minority will …………………by the number of bonus shares received by them.