Chapter: Calls and Forfeiture,Surrender of Shares
1.

Company to accept calls in advance from shareholders they should have permission in

A. MOA
B. AOA
C. BOD
D. None of these
Answer» B. AOA
2.

Forfeiture can be made only if it is authorized by ________

A. AOA
B. MOA
C. ROC
D. C.G
Answer» B. MOA
3.

Name of the member is struck off from the register in case of ________

A. Issue of share certificate
B. Share warrant
C. Forfeiture
D. None of the above
Answer» B. Share warrant
4.

_________Days be given for payment of call money from the date of service of notice

A. 14
B. 13
C. 12
D. 11
Answer» A. 14
5.

_________ arises in respect of debt due on shares as well as on other transactions.

A. Forfeiture
B. Lien
C. Both (a) & (b)
D. None of the above
Answer» B. Lien
6.

Return of partly paid shares by the shareholders to the company is _______

A. Surrender
B. Forfeiture
C. Lien
D. None of the above
Answer» A. Surrender
7.

________ is a short cut to forfeiture

A. Lien
B. Surrender
C. Right issue
D. None of the above
Answer» B. Surrender
8.

No consideration shall be paid by the company in exchange of __________ shares

A. Lien
B. Forfeited
C. Surrender
D. None of the above
Answer» C. Surrender
9.

Interest out of capital can be paid only if it is sanctioned by____

A. MOA
B. AOA
C. NCLT
D. C.G
Answer» B. AOA
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