Question

A company shall not capitalize its profits or reserves

Q: Answer-A company shall not capitalize its profits or reserves for the purpose of issuing fully paid-up bonu...

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.

for the purpose of issuing fully paid-up bonus shares unless__________________

A Authorized by MoA

B Partly paid-up shares, if any outstanding on the date of allotment, are made fully paid-up

C On the recommendation of Board been authorized in the general meeting of the company

D Both b & c

E All a, b & c

Practice Next

More Other Laws and Acts Questions

What will come in the place of ‘?’ in the following equation, if ‘+’ and ‘–‘ are interchanged and ‘×’ and ‘÷’ are interchanged?<...
Select the number from among the given options that can replace the question mark (?) in the following series.

0, 1, 2, 5, 26, ?
In a certain code language, ‘HIGHLY’ is written as ‘GRHYOH’ and 'CLEVER' is written as 'EOCRVV'. How will ‘HORROR’ be written in that langua...
In a code language ‘SHE WON GOLD MEDAL’ is written as 'JRP VMT QMNZ KPZFN' then how will you write ‘DOME’ in this language?
What should come in place of the question mark (?) in the given series?

13, 22, 33, 46, 7, 78, 97
Identify the diagram that best represents the relationship among the given classes.

Insects, Tiger, Deer

Change the question mark with the option that follows the applied logic in the first pair.

Eating : Restaurant :: Exercise : ??
Which number will replace the question mark (?) in the following number series?

2, 3, 6, 10, 17, ?
Select the set in which the numbers are related in the same way as the numbers of the given sets. (NOTE : Operations should be performed on the whole nu...
Statements: All cups are books. All books are shirts.

Conclusions:

(I) Some cups are not shirts.

(II) Some shirts are cups.
...

A company shall not capitalize its profits or reserves

Solution