Section ….. of the Companies Act deals with issue of bonus shares

Related MCQs

• Section …… of the Companies Act 2013 deals with the issue of right shares
• Bonus issue is permitted only if all partly paid shares are made‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• 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 ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• The issue of shares at discount provided the discount does not exceed 10% as specified in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐ of the companies Act.
• Companies have a statutory obligation to prepare required by section 210 of the companies Act
• Companies have a statutory obligation to prepare final accounts required by section 210 of the companies Act ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• No company limited by shares shall issue any preference share which is redeemable after the expiry of …….. years from the date of issue.
• Right issue means issue of shares to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• At present, a company limited by shares cannot issue …..preference shares