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      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

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