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      Question

      Which type of share is issued by a company to its

      existing shareholders without receipt of any consideration from shareholders for issuance of such share?
      A ESOP Correct Answer Incorrect Answer
      B Right shares Correct Answer Incorrect Answer
      C Bonus Shares Correct Answer Incorrect Answer
      D Preference Shares Correct Answer Incorrect Answer
      E Sweat Equity Shares Correct Answer Incorrect Answer

      Solution

      Bonus shares are additional shares a company gives to its existing shareholders without any additional cost or free of cost, based upon the number of shares that a shareholder owns.

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