Related InterviewSolutions

• 10,000 equity shares of ₹ 10 each issued at a 10% premium. Calculate the total amount of share premium.
• 80,000 equity shares of ₹ 10 each issued and fully subscribed and called up at 20% premium. Calculate the amount of Equity Share capital.
• State true or false with reasons.Preference shares can be redeemed after a certain period of time.
• Premium on issue of shares cannot be used for : (a) issuing bonus shares to members (b) paying dividend to members (c) writing off preliminary expenses (d) writing off discount on issue of debentures
• Premium on issue of shares cannot be used for :(a) issuing bonus shares to members(b) paying dividend to members(c) writing off preliminary expenses(d) writing off discount on issue of debentures
• (i) Assertion : When a shareholder default in making payment of allotment/call money share may be forfeited. (ii) Reason : Share forfeited can be reissued at par, discount or premium. (a) (i) and (ii) are correct (b) (i) is correct (ii) is incorrect (c) (i) and (iii) are incorrect (d) (i) is incorrect (ii) is correct
• That part of share capital which can be called up only on the winding up of a company is called ……(a) Authorised capital (b) Called up capital (c) Capital reserve (d) Reserve capital
• A preference share is one …. (i) which carries preferential right with respect to payment of dividend at fixed rate (ii) which carries preferential right with respect to repayment of capital on winding up (a) Only (i) is correct (b) Only (ii) is correct (c) Both (i) and (ii) are correct (d) Both (i) and (ii) are incorrect
• What is Registered Capital?
• Define the word "share".