Question

Which of the following statement is true in case of

Q: Answer-Which of the following statement is true in case of bonus issue?

Explanation Convertible debenture holders are not shareholders until they convert their debentures into shares. Bonus shares can only be issued to shareholders. Hence, statement a is incorrect. Statement b is correct.

bonus issue?

A Bonus shares may be issued to convertible debenture holders at the time of conversion of such debentures into shares.

B Convertible debenture holders will get bonus shares in same proportion as to the existing shareholders.

C Both (a) and (b).

D None of the above

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Solution