Forfeiture of shares results in compulsory termination of ______ due to non-payment of allotment/call money

Related MCQs

• When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.
• 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:
• After the issue of forfeited shares, balance of forfeited shares account Is transferred to
• Preference shares have priority over equity shares for
• As per the SEBI guidelines, on issue of shares, the application money should not be less than
• When Redeemable Preference shares are due for redemption, the entry passed is
• Which of the following reserves which can be utilised to make partly paid shares into fully paid up:
• Redeemable Preference shares can be redeemed out of __________
• Which of the following can be utilized for the redemption of preference shares of a company out of profit:
• Which of the following cannot be utilized for the redemption of preference shares of a company