The number of days required from the time of issue of the prospectus to the complete allotment should not exceed

Related MCQs

• Madhu Ltd. forfeited 800 shares of `10 each issued at 10% premium to Shyam (` 9 called up) on which he did not pay ` 3 of allotment (including premium) and first call of `2. Out of these, 600 shares were re-issued to Ram as fully paid up for `9 per share. What is to amount to be transferred to capital Reserve?
• The allotment of shares in case of oversubscription is called…..
• Pro-rata allotment of shares is made when there is :
• Share allotment account is a ------------------
• The transfer of profit to reserve should not exceed
• The rate of discount should not exceed ……………. Of nominal vale of shares.
• Rules of revenue recognition determine that earning process should be either complete or near completion under:
• Premium on the issue of shares should be shown :
• The rate of discount on shares cannot exceed.
• The rate of discount on shares cannot exceed ……….