……………………reconstruction refers to the reduction of capital to cancel any paid up capital.

Related MCQs

• After the implementation of the scheme of internal reconstruction , any surplus in capital reduction A/C is transferred to :
• After the implementation of scheme of internal reconstruction, any amount left in the capital reduction A/C will be transfer to:
• 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 ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Any increase in the value of assets is…. to capital reduction
• ------ is deducted from the called- up capital in order to calculate paid-up capital.
• ………..should be deducted from the share capital to determine the paid up capital.
• 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 ___________.
• --------- is the account created in connection with internal reconstruction.
• Under which of the following circumstances can a company resort to internal reconstruction?
• Internal reconstruction can be done by ----------