Which provision of the Companies Act, 2013 discusses about the issue of bonus shares out of its free…
"Section 63" of the Companies Act, 2013 permits a company to issue fully paid-up bonus shares out of its free reserves, securities premium account or capital redemption…
Choose your answer
Which provision of the Companies Act, 2013 discusses about the issue of bonus shares out of its free reserves or the securities premium account or the capital redemption reserve account, subject to the compliance with certain conditions such as authorization by the article, approval in the general meeting?
Answer and explanation
Correct answer D
"Section 63" of the Companies Act, 2013 permits a company to issue fully paid-up bonus shares out of its free reserves, securities premium account or capital redemption reserve account, subject to conditions such as authorisation by the articles and approval in the general meeting.
Practice for these exams
-
All India Bar Examination (AIBE)
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Bihar Judicial Services
Subject revision