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‘Companies Act’ Section 63.Issue of bonus shares- (2) No company shall capitalise its profits or reserves for the purpose of issuing fully paid-up bonus shares under sub-section (1), unless— (a) it is authorised by its articles; (b) it has, on the recommendation of the Board, been authorised in the general meeting of the company; (c) it has not defaulted in payment of interest or principal in respect of fixed deposits or debt securities issued by it; (d) it has not defaulted in respect of the payment of statutory dues of the employees, such as, contribution to provident fund, gratuity and bonus; (e) the partly paid-up shares, if any outstanding on the date of allotment, are made fully paid-up; (f) it complies with such conditions as may be prescribed.
Which book reveals how evolutionary biology can help fund managers become better at their craft?
What is the theme for World No Tobacco Day 2024?
Which of the following institutions/ministries has Launched 'Bharat 6G Alliance' in July 2023?
Who was awarded the Indian Film Personality of the Year at IFFI 2024?
Tiger Woods was formally inducted into the World Golf Hall of Fame. Woods has captured 15 major titles, second only to the career-record 18 of Jack Nick...
PM Modi laid the foundation stones of development projects worth more than Rs 38,000 crore in which city?
Which organization has formed a partnership with the Startup Policy Forum (SPF) to strengthen the Indian startup ecosystem?
According to the latest data released by the Reserve Bank of India (RBI), credit card spending hit Rs 1.4 trillion in May for the first time.Which bank ...
Where was the third edition of the Sundarban Bird Festival held?
Match the following list I and list II.