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Bonus share are not permitted unless the shares if any are...

This question belongs to Commerce Financial Management
Financial Management
?

Bonus share are not permitted unless the ____________ shares, if any, are made fully-paid.

Answer & Solution
Correct Answer: Option A
Bonus share are not permitted unless the partly paid shares, if any, are made fully-paid. Bonus shares are shares distributed by a company to its current shareholders as fully paid shares free of charge.
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1 Comment
Neelam Paswan
Neelam Paswan 8 years ago
I think (a) will be correct
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