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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.
Any reaction that produces an insoluble precipitate can be called a:
A group of 100 students took a math exam, and the scores were normally distributed with a mean of 75 and a standard deviation of 10. What is the percent...
What is card tokenization?
Vasco da Gama discovered the new and all-sea route from Europe to India and landed on 17th May 1498 at:
If the roots of the quadratic equation 7y² + 5y + 9 = 0 are α and β, then find the value of [(1/α) + (1/β)].
PETA India’s person of the year 2022?
Which of the following statement/s is/are correct regarding payment of Gratuity Act 1972?
I. It is applicabl...
Under the Trade Union Act 1926, what is the time limit for a Trade Union to send a notice of dissolution to the Registrar?
Average of 20 numbers is 90. Average of first 8 numbers is 81 while average of last nine numbers is 40. If ninth number is 25% less than the tenth numbe...
If in the last condition (v), it is stated that D sits on the seat number 7, then who will sit on the seat number 4?