⚡ Month End Offer is live - Get Flat 55% Off on All Courses • Grab it Now! Click Here 00:00:00 AM

    Question

    According to section 63 of Companies Act 2013, which of

    the following cannot be used for issue of bonus shares?
    A Securities premium account Correct Answer Incorrect Answer
    B Free reserves subject to as defined under Section 2 (43) Correct Answer Incorrect Answer
    C Revaluation reserve Correct Answer Incorrect Answer
    D Capital redemption reserve Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next
    ask-question