Q1562
Which of the following statements is not correct:
A.
Bonus shares cannot be issued except out of the profits of the company
AnswerB.
Bonus shares can be issued either at par or at a premium
C.
Only fully paid bonus shares can be issued out of capital redemption reserve
D.
Bonus can be utilised for making partly paid up shares as fully paid up
Answer: Option A
Solution
Answer: Option A
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