Business Management and Finance - UGC/NET Paper II & III

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Multiple Choice

Which is an incorrect statement?

  1. The issue of Bonus shares is subject to sanction from the SEBI
  2. The prior approval of capitalisation of reserves upto Rs.1 crore is totally exempted
  3. Bonus issues beyond the ratio of 1 : 1 is not permitted
  4. Partly paid equity shares are issued as bonus shares
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