alleryStart learning →Reg 293(a): a bonus issue needs what enabling provision?
AA court sanction
BEnabling articles
CExchange permission
DRBI permission
Answer & Solution
Correct answer: B. Enabling articles
The issuer must be authorised by its articles of association for capitalisation of reserves, or amend them by resolution.
Keep practising Public Issue and Capital Raising Rules
Browse all Public Issue and Capital Raising Rules questions for CA Final, or explore more Law topics.
Related questions
Under the Reg 5 Explanation, a past debarment stops barring an IPO when?Reg 183(2)(a): minimum size of an IDR issue?Reg 183(1)(a): an IDR issuer must be listed in its home country for at least?Reg 180: the largest share any single QIP allottee may receive?Reg 180: minimum QIP allottees when the issue is up to Rs 250 crore?Reg 172(3): minimum gap between successive QIPs?Reg 172(1)(b): QIP equity shares must have been listed at least how long?Reg 172(1)(a): QIP allotment must follow the special resolution within?