Preference shareholders are legally entitled to the repayment of capital in the event of liquidation of the company.

Related MCQs

• 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.
• 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 ___________.
• Amount due to workman is rank with ……………….in the event of liquidation of the company.
• Preference shareholders are …. of the company
• In …..., a new company is formed to take over the business of an existing company which goes into liquidation.
• The purchase of an existing company which goes into liquidation by another existing company is known as …………..
• ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ have priority over equity as to the receipt of individuals and as to assets in the event of liquidation.
• Preference shareholders are…………
• That part of the capital which will be called up only in the event of winding up of the company is called ------- capital