Premium received on issue of shares cannot be utilised for ---------.

Related MCQs

• Capital redemption reserve and security premium can be utilised for issuing ………bonus shares
• At present, a company limited by shares cannot issue …..preference shares
• Once the share premium account is credited the same, if the premium is not received.
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• No company limited by shares shall issue any preference share which is redeemable after the expiry of …….. years from the date of issue.
• Right issue means issue of shares to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?
• A company cannot issue redeemable preference shares for a period exceeding _________.
• A company cannot issue redeemable preference shares for a period exceeding ……….