1. The balance in capital redemption reserve is available for

2. A preference share is one that enjoys a:

3. Redeemable Preference shares can be redeemed out of _______

4. Capital Redemption Reserve Account may be applied to issue

5. No company limited by shares, issue any preference shares which is redeemable after the expiry of a period of_____from the date of issue

6. Which of the following statements is FALSE?

7. For which one or more of the following reasons could a balance in the share premium be applied?
(a) To issue bonus shares.
(b) For distribution to shareholders as dividend.
(c) To write down the value of assets, particularly when they are impaired.
(d) To write off expenses of and commission on issuing the same shares
Select the correct answer from the options given below

8. Preference shares of ₹ 9,00,000 are redeemable by issuing 3,000 equity shares of ₹ 100 each at ₹ 140. The amount to be transferred to Capital Redemption Reserve

9. The balance in capital redemption reserve is available for

10. To whom the bonus shares or rights shares can be issued

11. Preference shares are entitled to a

12. Redeemable Preference shares can be redeemed out of _______

13. A preference share is one that enjoys a:

14. Statement I:
The main purpose to create CRR is to keep the capital structure of the company variable.
Statement II:
Another purpose to create CRR is to protect the interest of creditors since CRR cannot be utilized for the payment of dividends.
Select the correct answer from the options given below

15. Which of the following statements is TRUE?

16. Which of the following can be utilized in the redemption of preference share capital account?
1. Profits available for dividend
2. Capital Reserve
3. Dividend Equalization Fund
4. Development Rebate Reserve
5. Proht Prior to Incorporation
Select the correct answer from the options given below

17. For which one or more of the following reasons does company law attempt to protect the balance in the Securities Premium account by specifying the reasons for which alone it may be applied?
(a) It is part of the capital actually contributed by the shareholders.
(b) It should be protected from erosion as part of the creditor’s buffer.
(c) It is not realized in cash.
(d) It is immoral to allow a company to make a profit by trading on its own shares.
Select the correct answer from the options given below:

18. As per the Companies Act, 2013, preference shares that are issued by a company engaged in an infrastructure project can issue preference shares that are redeemable after _____

19. As per the Companies Act, 2013 the companies cannot use the balance of Securities Premium for

20. Statement I:
The main purpose to create CRR is to keep the capital structure of the company variable.
Statement II:
Another purpose to create CRR is to protect the interest of creditors since CRR cannot be utilized for the payment of dividends.
Select the correct answer from the options given below

21. As per the Companies Act, 2013, preference shares that are issued by a company engaged in an infrastructure project can issue preference shares that are redeemable after _____

22. As per the Companies Act, 2013 the companies cannot use the balance of Securities Premium for

23. For which one or more of the following reasons could a balance in the share premium be applied?
(a) To issue bonus shares.
(b) For distribution to shareholders as dividend.
(c) To write down the value of assets, particularly when they are impaired.
(d) To write off expenses of and commission on issuing the same shares
Select the correct answer from the options given below

24. No company limited by shares, issue any preference shares which is redeemable after the expiry of a period of_____from the date of issue