‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ have priority over equity as to the receipt of individuals and as to assets in the event of liquidation.

Related MCQs

• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• Preference shareholders are legally entitled to the repayment of capital in the event of liquidation of the company.
• Amount due to workman is rank with ……………….in the event of liquidation of the company.
• In ……………, a new company is formed to take over the business of two or more existing companies which go into liquidation
• In …..., a new company is formed to take over the business of an existing company which goes into liquidation.
• ………………….on shares have priority over payment of paid up share capital of that class.
• For amalgamation in the nature of merger, the shareholders holding at least or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company.
• For amalgamation in the nature of merger, the shareholders holding at least ______ or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company.
• A Ltd. and B Ltd. go into liquidation and a new company X Ltd. is formed. It is a case of:
• In external liquidations, there is one liquidation and one ………………