Maximum buy back limit in any year is ______ of total paid up equity capital and free reserves.

Related MCQs

• If shares are bought back out of free reserves then a sum equal to nominal value of the shares so bought back is transferred to:
• Which of the following reserves which can be utilised to make partly paid shares into fully paid up:
• Bonus shares are issued by ________ free reserves
• According to sec. 100(1)(c) of the companies act, a company can pay back share capital which is in excess of need if:
• Partners equity is effected due to:
• Right share are not offered to the existing equity shareholders if:
• Preference shares have priority over equity shares for
• H.O. sent Rs 5000 as petty cash to branch during the year. Opening and closing balances of petty cash was Rs 1400 and Rs 400 respectively. Then petty expenses of the branch during the year will be ______
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• A is drawing Rs. 500 regularly on the 16th of every month, he will have to pay interest in a year on Rs. 6000 for the total period of @ given rate of interest):