---------------- shares cannot be issued if the company makes any default in the payment of its obligation

Related MCQs

• Shares issued for consideration other than cash should be vouched with the help of
• Shares can be issued at discount under section
• Shares can be issued at premium, under section
• Shares can be issued at discount only after
• Bonus shares are issued to ----------------
• Shares issued for consideration other than cash should be vouched with the help of
• If reissue of shares are more than face value of shares, the excess amount is transferred to ---------- account.
• A company can issue Redeemable Preference shares, if authorized by
• A company can issue redeemable preference shares if authorized by
• A company can issue bonus shares if authorized by