Bonus shares are issued out of _________
A) capital reserve
B) free reserve
C) share premium
D) none of these
Correct Answer:
Verified
Q11: According to sec. 100(1)(c) of the companies
Q12: Which of the following is not a
Q13: A company can issue share at a
Q14: When bonus share are received the average
Q15: Bonus shares are issued by _ free
Q17: Right shares are issued to _ shareholders
A)previous
B)existing
C)future
D)none
Q18: Forfeiture of shares results in compulsory termination
Q19: Securities premium account can be used for
A)paying
Q20: After the issue of forfeited shares, balance
Q21: Preference shares have priority over equity shares
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