1.

If the shareholder fails to pay the call money then his/her shares will be forfeited and the Directors after passing a resolution in the board meeting the forfeited shares can be reissued if authorized by its Articles of Association of the company.1. Forfeited shares can be reissued at discount 2. Forfeited shares can be reissued at premium 3. Forfeited shares can be reissued at par 4. Forfeited shares cannot be reissued a. All 1,2,3 and 4 are correct b. 1,2,3 are correct and the 4 is incorrect. c. Only 1 and 2 are correct remaining 3 and 4 are incorrect d. Only 2 and 3 are correct remaining are incorrect

Answer»

Correct option is b. 1,2,3 are correct and the 4 is incorrect.



Discussion

No Comment Found

Related InterviewSolutions