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Bonus issue must be authorized
  • a)
    By the board of directors
  • b)
    Article of association of the company
  • c)
    Shareholders by ordinary resolution
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Bonus issue must be authorizeda)By the board of directorsb)Article of ...
Authorization of Bonus Issue:


  • Authority: Bonus issue must be authorized by the board of directors.

  • Article of Association: The bonus issue must also comply with the article of association of the company.

  • Shareholder Approval: Shareholders must approve the bonus issue by an ordinary resolution.

  • All of the Above: Therefore, the bonus issue must be authorized by the board of directors, comply with the article of association, and approved by shareholders through an ordinary resolution.


It is essential for the company to follow all these steps to ensure the bonus issue is legally authorized and in compliance with the company's regulations and requirements. By obtaining approval from all these bodies, the company can proceed with the bonus issue confidently and transparently.
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Bonus issue must be authorizeda)By the board of directorsb)Article of association of the companyc)Shareholders by ordinary resolutiond)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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