------ implies issue and allotment of shares to a selected group of persons and not to general public.

Related MCQs

• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• No company limited by shares shall issue any preference share which is redeemable after the expiry of …….. years from the date of issue.
• Right issue means issue of shares to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Forfeiture of shares results in compulsory termination of ------ due to non payment of allotment/call money.
• Compulsory cancellation of shares by the company\y due to non‐payment of allotment or call money is called …………….
• The allotment of shares in case of oversubscription is called…..
• When shares are oversubscribed, allotment is made on ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ basis
• At present, a company limited by shares cannot issue …..preference shares
• The minimum amount of capital which must be subscribed by the public before allotment is called
• The minimum amount of capital which must be subscribed by the public before a public company can allot shares is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐