Buyback of shares should not exceed ….percent of paid up capital and free reserve of the company.

Related MCQs

• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• In case of buyback of shares by a listed company, the letter of offer to the shareholders shall be dispatched not earlier than –
• Under the scheme of buyback of shares , the company in order to perform its obligations , is required to open an ….account
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• Revenue reserve means any reserve other than ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ reserve.
• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• Inter- company dividends are ……………………..to the cost of investment in the subsidiary company for calculating goodwill or capital reserve.
• The rate of discount should not exceed ……………. Of nominal vale of shares.
• Discount on reissue of forfeited shares should not exceed ………….
• The discount on the issue of shares should not exceed ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ normally.