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Q. |
Which of the following statement in false: |
A. | bonus issue is made out of free reserves or securities premium collected in cash only |
B. | bonus shares can be issued out revaluation profit |
C. | no bonus issue shall be made within 12 months of any public or right issue |
D. | company can issue bonus shares in any ratio. |
Answer» B. bonus shares can be issued out revaluation profit |
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