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Business Management and Finance - UGC/NET Paper II & III
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QuestionClick to flip
Which is an incorrect statement?
AnswerClick to flip back
A
Partly paid equity shares are issued as bonus shares
💡 Explanation:
The question asks for the INCORRECT statement. Partly paid shares cannot be issued as bonus shares because bonus shares are fully paid-up shares issued free of cost to existing shareholders from accumulated reserves. Companies must issue only fully paid-up bonus shares.