Bonus issue is permitted only if all partly paid shares are made‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Related MCQs

• 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 issues ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ even when the shares are partly paid.
• Section ….. of the Companies Act deals with issue of bonus shares
• Bonus issue can be made out of securities premium collected in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Bonus shares can be issued only on getting approval of
• 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 ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Value of a partly paid equity share is equal 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