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    Question

    Which of the statements is correct with respect to a

    company that has announced a bonus issue according to Rule 14 of the Companies (Share Capital and Debenture) Rules, 2014?
    A Bonus issue can be withdrawn subsequently by taking approval from the Registrar of Companies. Correct Answer Incorrect Answer
    B Bonus issue can be withdrawn subsequently by passing board resolution. Correct Answer Incorrect Answer
    C Bonus issue cannot be withdrawn subsequently. Correct Answer Incorrect Answer
    D Bonus issue can be withdrawn subsequently by taking shareholder's approval. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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