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MCQs for Issue of Shares
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MCQs for Issue of Shares
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25 Questions

1. Which shareholders are returned their capital after some specified time :
2. The amount of discount on reissue of forfeited shares cannot exceed :
3. Persons who start a company are called .............
4. A Company is created by :
5. Balance of share forfeiture account is shown in the balance sheet under the head ..........
6. A company issued 5.000 equity shares of ₹100 each at par payable as to . ₹40 on application; ?50 on allotment and ₹10 on call. Applications were received for 8,000 shares. Allotment was made on pro-rata. How much amount will be received in cash on allotment?
7. Which one of the following items is not a part of subscribed capital?
8. A Building was purchased for ₹9,00,000 and payment was made in ? 100 shares at 20% premium. Securities Premium Reserve A/c will be .............
9. Maximum number of members in a private company is :
10. Reserve Capital is :
11. Which of the following will define, when appropriation of a certain number of shares is made to an applicant in response to his application?
12. The following statements apply to equity/preference shareholders. Which one of them applies only to preference shareholders?
13. Shareholders receive from the company :
14. The subscribed capital of a company is ?80,00,000 and the nominal value of the share is ? 100 each. There were no calls in arrear till the final call was made. The final call made was paid on,77,500 shares only. The balance in the calls in arrear amounted to ?62,500. Calculate the final call on share.
15. Premium on the issue of shares should be shown :
16. Amount of securities premium can be utilised for :
17. Discount allowed on re-issue of forfeited shares is debited to :
18. L Ltd. forfeited 400 shares of ₹10 each, ₹7 called up, for non-payment of first call of ₹2 per share. Out of these, 300 shares were reissued for ₹6 per share as ₹7 paid up. What is the amount to be transferred to Capital Reserve Account?
19. As per Table F, the Company is required to pay ......... interest on the amount of calls in advance
20. The balance of the forfeited shares account after re-issue of forfeited shares is transferred to :
21. A Company invited applications for 1,00,000 shares and it received applications for 1,50,000 shares. Applications for 30,000 shares were rejected and the remaining were allotted shares on prorata basis. How many shares an applicant for 3,000 shares will be allotted :
22. Preference shares, in case the holders of these have a right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called :
23. A company has ..........
24. Forfeiture of shares results in the reduction of:
25. In case of private placement of shares, to raise the amount of capital a company :

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