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

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Question 1 of 21

Which is an incorrect statement?

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The issue of Bonus shares is subject to sanction from the SEBI

The prior approval of capitalisation of reserves upto Rs.1 crore is totally exempted

Bonus issues beyond the ratio of 1 : 1 is not permitted

Partly paid equity shares are issued as bonus shares

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