Total Amount = ? 4,40,000 Face value of shares is 10. Premium 10% = Premium amt Rs. 1. Issue Price = Face Value + Securities Premium 10 + 1 = 11 No. of Equity Shares = \(\frac<\text>><\text>>\) = \(\frac < 440000>< 11>\) = 40,000 Shares

Matter dos. Money received in advance regarding express owners before it is indeed called – upwards of the director is actually (a) debited so you can calls – when you look at the – get better A beneficial/c (b) Cr to help you Phone calls – in – get better Good/c (c) Dr so you’re able to calls A great/c (d) not one of significantly more than Address: (b) Cr so you’re able to Phone calls – during the – improve An excellent/c

Concern 3. Ties Superior Set-aside can be used for ……………… (a) Paying rates of interest to your debentures (b) fulfilling the cost of issue of shares (c) Expenses income tax responsibility (d) Investing dividend once the shares Respond to: (b) appointment the cost of problem of shares

Matter cuatro. When express are permitted and this of your pursuing the account was paid? (a) Share resource An excellent/c (b) Display Allowance A beneficial/c (c) Express Software Air-conditioning (d) Investors Air conditioning Answer: (a) Share money Air-con

Matter 5. Best problem of offers are granted in order to ……………… (a) Administrators (b) Professionals (c) Current Shareholders (d) Stockholder A beneficial/c Respond to: (c) Existing Investors

Question eight. On exactly what rates a family is needed to pay focus into phone calls – inside – arrears? (a) 6% p.a. (b) 12% p.good. (c) 10% p.a great. (d) 5% p.a great. Answer: (b) 12% p.an excellent.

Matter 8. With regards to the Businesses Work 2000, a company limited to display can also be point ……………… kinds of offers. (a) step one (b) dos (c) step 3 Respond to: (b) 2

Question nine. The maximum amount of calls you to definitely a buddies produces was ……………… (a) one to (b) a couple (c) around three Answer: (c) around three

Question ten. Financing Reserve is found privately from harmony sheets ……………… (a) Property (b) Liability (c) One another Address: (b) Responsibility

Matter 15. A family can also situation shares once the thought getting business, to help you ……………… because of their attributes ……………… for their fee. Answer: Promotors, Agents

Question 16. (i) Assertion: When a stockholder non-payments for making fee out-of allowance/telephone call money display could be forfeited. (ii) Reason: Share forfeited might be reissued in the par, dismiss, or superior. (a) (i) and you may (ii) was right (b) (i) is right (ii) is actually wrong (c) (i) and you may (iii) try wrong (d) (i) are completely wrong (ii) is correct Respond to: (a) (i) and you may (ii) is correct

Equity display financial support are returned as long as preference shares was returned

1. Authorised share resource.
2. Issued show investment.
3. Signed up display money.
4. Entitled – upwards – display investment.
5. Paid-up – share money and you can.
6. Set-aside funding.

Concern dos. What is intended from the Authorised Funding? Answer: This is actually the escort girls in Hampton VA matter produced in the main city clause of your memorandum away from connection that the company is inserted. Simple fact is that restriction number a pals can enhance from inside the life.

Matter 3. Exactly what do you indicate because of the Financing Set-aside? Answer: It’s one reserve which is composed from financial support winnings such as for instance cash discounted away from fixed assets, finances on revaluation out of possessions, advanced into problem of offers and you can debentures, an such like.

During the exactly what speed a buddies must change attention into the phone calls – within the – arrears?

Matter 4. What is actually implied from the Expert-rata Allotment off offers? Answer: Pro-rata allotment is that allotment off offers when programs is generally allocated for the reduced quantity of offers than they have taken out.

Question 5. Establish Guarantee shares. Answer: Guarantee offers are the ones shares that aren’t eligible to an effective fixed price away from dividend. The brand new dividend is paid during these offers shortly after it’s repaid into the taste shares.