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State whether the following statements are true or false.1. Only fully paid-up shares can be forfeited.2. The member transferring shares is called a transferor.3. A share certificate is issued for partly or fully paid up shares.4. Allotment of shares must be done within one month of receipt of application money.5. Sweat Equity shares are offered to Directors or employees of a company.6. Bonus Shares are issued at a discounted price to the Equity Shareholder.7. The floor price is the highest bid price under the Book Building method.8. Calls not paid by shareholders are called calls in arrears.9. Shares not offered to the public for subscription are called subscribed capital.10. Authorized capital is mentioned in the capital clause of the Memorandum of Association. |
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Answer» 1. False 2. True 3. True 4. False 5. True 6. False 7. False 8. True 9. False 10. True |
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