Lesser shares subscribed by the public than what was offered to them is ____________Shares.
Over subscription
Under subscription
Both a & b
None of these
In Joint stock company , the liability of the shareholders is _________.
Limited
Unlimited
Both A & B
None of the above
Holders of deferred shares managed to capture ____________.
The minimum voting right with maximum investment
The maximum voting rights with minimum investment
Public company can issued
A company issue 10000 shares of Rs.10 each , payable Rs.5 on application ,Rs.3 allotment and Rs.2 on first call and final call. If 100 shares do not pay the first and final call. The calls in arrears will be ___________.
100
200
300
1000
Call paid in Advance if any will be at the ________ side of the cash book.
Debit
Credit
A company is formed with Rs .50,00,000 as capital divided into 1,00,000 shares of Rs.50 each. The company issued 1,00,000 shares of Rs 50 each. Which were fully subscribed and paid up. Find out the authorized capital amount?
Rs.1,00,000
Rs.50,000
Rs.50,00,000
Rs.5,00,000
Excess application money is either refunded or adjusted against allotment in case of ___________subscription.
Under
Over
Below
Below and above
Applications for the shares are not received from the public is known as __________ capital.
Subscribed capital
Unsubscribed capital
Called up capital
Paid up capital
A company has a __________.
Unlimited liability
Imperpectual succession
Natural person
Separate legal entity
Forfeited shares Account is finally closed by transfer of its balance to
Securities Premium Account
General Reserve Account
A & B Both
Capital Reserve Account