The company in which the liability of members is liable to pay the agreed amount at the time of winding up is called as …………..

Related MCQs

• The debentures whose principal amount is not repayable by the company during its life time, but the payment is made only at the time of Liquidation of the company, such debentures are called :
• The Liability of the members of a limited company is…
• The Principal amount of debentures will be repaid by the company either at the end of a specified period or by instalments during the life time of the company. Such types of debentures are called :
• The portion of the capital which can be called-up only on the winding up of the Company is called
• . …………..is that portion of capital which is called up only on winding up of the company.
• In the case of members voluntary winding up liquidator is appointed by _____________
• In the case of members voluntary winding up liquidator is appointed by _____________
• 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?
• Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time
• An item which may or may not be the liability of the company due to happening of certain event is…………