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In the financial statements of the financial year 20X1-20X2, Alpha Ltd. Has mentioned in the notes to accounts that during financial year, 24,000 equity

 

In the financial statements of the financial year 20X1-20X2, Alpha Ltd. Has mentioned in the notes to accounts that during financial year, 24,000 equity shares of Rs.10 each were issued as fully paid bonus shares. However, the source from which these bonus shares were issued has not been disclosed. Is such non-disclosure a violation of the Schedule IIl to the Companies Act? Comment.

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