When shares are oversubscribed, allotment is made on ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ basis

Related MCQs

• Forfeiture of shares results in compulsory termination of ------ due to non payment of allotment/call money.
• ------ implies issue and allotment of shares to a selected group of persons and not to general public.
• Compulsory cancellation of shares by the company\y due to non‐payment of allotment or call money is called …………….
• The allotment of shares in case of oversubscription is called…..
• The minimum amount of capital which must be subscribed by the public before allotment is called
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• Right shares are those shares which are issued to
• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.
• On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?
• At present, a company limited by shares cannot issue …..preference shares