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Accountancy (Phase -I & II) Bonus and Right issue

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Sale of right is a ………………….. receipt in case of right issue.

Revenue

capital

deferred revenue

none of these

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Explanation:

Rights Issue is an issue of capital under Section 62 of Companies Act, 2013 and SEBI (ICDR) Regulations, 2009; wherein offer of specified securities by a listed issuer is made to the existing shareholders as on the record date. The rights are offered in a particular ratio to the number of securities held as on the record date.