A company may issue fully paid-up bonus shares to its

Q: Answer-A company may issue fully paid-up bonus shares to its members from ________________

Section 63. Issue of bonus shares- 1 A company may issue fully paid-up bonus shares to its members , in any manner whatsoever, out of i its free reserves ii the securities premium account or iii the capital redemption reserve account

members from ________________

A Capital redemption reserve account

B Twenty per cent of its securities premium account

C Twenty- five per cent of its capital reserve

D All the above

E Both (a) & (b)

Practice Next

More Administrative Interpretation and Maxims Questions

Which of the following is R’s position?
Six persons F, G, H, I, J and K sit around a circular table but not necessarily in the same order. All of them face towards the centre and the distance ...
Which of the following statement(s) is/are true?
Who is sitting second to the left of L?
How many persons sit between T and V when counted from the right of V?
Four among the following five are alike in a certain way and hence form a group. Which of the following does not belong to the group?
The Person who likes Grapes in the circular arrangement, likes which of the following fruits in the row arrangement?
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Five friends are sitting on a bench. Anil, Chandan, Raj, Guru, and Prem are sitting in a row facing north. Anil is sitting at the left end while Prem is...
A is related to F in the same way as N is related to Q. Which of the following is P related to following the same pattern?

A company may issue fully paid-up bonus shares to its

Solution