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

Related MCQs

• Compulsory cancellation of shares by the company\y due to non‐payment of allotment or call money is called …………….
• On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?
• ………………….on shares have priority over payment of paid up share capital of that class.
• In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration, surrenders the shares in the vendor company by crediting:
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• Right shares are those shares which are issued to
• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.
• At present, a company limited by shares cannot issue …..preference shares
• Alteration of shares of smaller amounts into shares of larger amount is called…..of share capital
• Alteration of shares of larger denominations into smaller denominations is called -------- of shares.