Share Capital and Types of Shares — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares2 Marks
Question
State the condition to issue bonus share.
✓
Answer
The company declares Bonus shares under following conditions:
(i) For partly paid up shares, bonus shares can be paid out of profit for recovering the uncalled dues.
(ii) The company has large proportion of reserve capital or the excess accumulated out of the profit and loss account of the company and it wants give to its shareholders.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.