A. |
Articles of Association of the company as the Companies Act does not contain any provision regarding forfeiture of shares.
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B. | Memorandum of Association |
C. | Registrar of Companies |
D. | Company Law Board. |
Option: A Explanation : Click on Discuss to view users comments. |
A. | Manufacturing account |
B. | Profit and loss account |
C. | Trading account |
D. | Cash book |
Option: B Explanation : Click on Discuss to view users comments. |
A. | It is an intangible asset |
B. | It is not visible but it subject to fluctuations |
C. | It becomes obsolete |
D. | It does not become obsolete. |
Option: C Explanation : Click on Discuss to view users comments. |
Public limited companies cannot issue
A. | Preference shares |
B. | Deferred shares |
C. | Equity shares |
D. | Sweat equity shares |
Option: B Explanation : Click on Discuss to view users comments. |
A. |
Actual amount received on forfeited shares
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B. |
Original discount on reissued shares, if any
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C. | 10% of face value of shares |
D. | Total amount of (A) and (B). |
Option: D Explanation : Click on Discuss to view users comments. |