A bonus issue needs authorisation in a general meeting on whose recommendation?
AAuditors
BRegistrar
CThe Board
DSEBI
Answer & Solution
Correct answer: C. The Board
The Board recommends the bonus and the general meeting authorises it, besides authority in the articles.
Keep practising Company Accounts
Browse all Company Accounts questions for CA Foundation, or explore more Accounting topics.
Related questions
Investors were historically given what as evidence of share ownership?Putable preference shares let the holder, in some conditions, to:On liquidation, a preference share's claim is relative to common stock:Most preference shares carry which voting position?Convertible preference shares can be exchanged by holders for:Non-cumulative preference dividends, if unpaid in a year:Preference shares usually rank for dividend payment:A cumulative preference share means unpaid dividend will: