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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      A Bonus issue can be withdrawn subsequently by taking approval from the Registrar of Companies.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      B Bonus issue can be withdrawn subsequently by passing board resolution.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      C Bonus issue cannot be withdrawn subsequently.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      D Bonus issue can be withdrawn subsequently by taking shareholder's approval.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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