Section 63 of the Companies Act, 2013, allows a company to issue fully paid-up bonus shares to its members, except out of its current net profit. This means that bonus shares cannot be issued using the profits earned in the current financial year. However, bonus shares can be issued using other sources such as free reserves, the securities premium account, or the capital redemption reserve account, subject to the provisions of the Companies Act.
Which one of the following statements regarding the Constituent Assembly of India is not correct?
Consider the following financial instruments:
1. Cash management bills
2. Sovereign gold bonds
3. Collateralized borrowing and ...
A man deposited 40% of his salary to a bank which offers compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 y...
Consider the following statements:
1. An amendment of the Constitution of India can be initiated by the introduction of a Bill for the purpose ...
Which Judicial Plan of Lord Cornwallis established a Court of Circuit?
Who among the following said, “The most perfect system of government is the one that produces the greatest possible happiness, the highest level of so...
Which of the following statements is/are correct in regards to Amrit kaal?
1.Nirmala Sitharaman presents ‘the first budget of Amrit Kaal’.
Consider the following statements
1. Adjournment sine Die means terminating seating ofstate legislature for an indefinite period
2. T...
The Trade Union Act, 1926 specifies that a trade union must have a minimum membership of _______ workers to register under the Act.
1st ASEAN-India Start-up Festival 2022 was held at ______________ .
