The rate of discount on shares cannot exceed ……….

Related MCQs

• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• The issue of shares at discount provided the discount does not exceed 10% as specified in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐ of the companies Act.
• The rate of discount should not exceed ……………. Of nominal vale of shares.
• When shares originally issued at discount are forfeited, the discount in respect of them is to be ‐‐‐‐‐‐‐
• Discount on reissue of forfeited shares should not exceed ………….
• The discount on the issue of shares should not exceed ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ normally.
• At present, a company limited by shares cannot issue …..preference shares
• After completing ….years a company can issue shares at discount.
• The discount on re-issue of forfeited shares is debited to ---- a/c.
• Buyback of shares should not exceed ….percent of paid up capital and free reserve of the company.