The …………..has a legal right of forfeiting the shares of those who fail to pay the amount due.

Related MCQs

• The share capital account is debited with …………while forfeiting shares
• The share capital account is debited with …………while forfeiting 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.
• Rights shares are those shares which are __________.
• Quoted shares are those shares which are ___________.
• On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?
• Alteration of shares of smaller amounts into shares of larger amount is called…..of share capital
• Alteration of shares of smaller amounts into shares of larger amount is called ……….
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.