Equity shares cannot be issued for the purpose of:

Related MCQs

• 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 :
• A company issued 2000 equity shares which were underwritten by A. The company received applications for 2400 shares. Hence A will get his commission on the issue price of
• Madhu Ltd. forfeited 800 shares of `10 each issued at 10% premium to Shyam (` 9 called up) on which he did not pay ` 3 of allotment (including premium) and first call of `2. Out of these, 600 shares were re-issued to Ram as fully paid up for `9 per share. What is to amount to be transferred to capital Reserve?
• A company is allowed by law to sell 200 000 shares at Rs.2.00 each. Three-quarters (3/4) of these shares were bought by the public. What is the issued share capital?
• If applicants for 80,000 shares were allotted 60,000 shares on prorata basis, the shareholder who was allotted 1,200 shares must have applied for :
• The Buy Back of equity shares is governed by________________ of Companies Act
• A company can issue sweat-equity shares to:
• Buy back of equity shares should be recorded in the final cash flow statement under:
• When forfeited shares (which were originally issued at a discount ) are reused at a premium, the amount of such premium will be credited to
• The shares of a company can be issued at …………..