Multiple Choice Questions on The bonus shares shall not issue in lieu of dividend True or False ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

The bonus shares shall not issue in lieu of dividend True or False ........

Companies Act-Phase (I & II) Paymentofdividends
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The bonus shares shall not issue in lieu of dividend. True or False.

True

Correct Answer

False

Incorrect Answer

Partly True

Incorrect Answer

Partly False

Incorrect Answer
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Explanation:

As per companies act , Sec 63 issues of bonus shares

(3) The bonus shares shall not be issued in lieu of dividend

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