Under Section 80, Preference Shares are redeemed out of amount received from

Related MCQs

• When shares are to be redeemed out of profits, a sum equal to nominal amount of shares redeemed is to be transferred to
• Redeemable Preference Shares can not redeemed at
• When the amount of premium on forfeited shares has not been received, then with the proportionate amount of premium
• When Forfeited shares are reissued, then the discount allowed should be             the amount received from old share holders
• When shares are Forfeited, then the amount called up on Forfeited shares is debited to
• When shares have been issued at discount, then the proportionate amount of discount on forfeited shares should be
• The premium paid on redeemption of Preference Shares is provided from
• The Companies Act provides that minimum amount of             of the face value of shares must be paid along with the application
• When all the Forfeited shares are not reissued, then the proportionate amount in             must be kept in that account
• The maximum rate of interest received by a company on Calls-in-arrears as per Table 'A' is