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प्रश्न
Give one word / Term / phrase for the following statement :
The capital which is not disclosed in the balance sheet.
उत्तर
Reserve Capital
Explanation: It represents the portion of subscribed capital that remains uncalled except in case of winding up or at the time of liquidation. It does not form a part of a company’s Balance Sheet.
As per Section 99 of the Companies Act, 1956, a company can create reserve capital by passing a special resolution.
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संबंधित प्रश्न
Securities premium can also be utilized for three other purposes besides
1) 'Issuing fully paid bonus shares' an
2) 'Buyback of shares'. State those purposes.
Give the meaning of 'Share Capital'.
X Ltd. redeemed 1,000 6% Debentures of Rs 100 each by converting them into equity shares of Rs 100 each. The 6% Debentures were redeemable at a premium of 5% for which the Equity shares were issued as a premium of 25%. Pass the necessary journal entries for the redemption of the above mentioned debentures in the books of X Ltd.
Sundram Ltd. Purchased Furniture for Rs 3,00,000 from Ravindram Ltd. Rs 1,00,000 were paid by drawing a Promissory Note in favour of Ravindram Ltd. The balance was paid by issue of
Equity Shares of Rs 10 each at a premium of 25%.
Pass necessary Journal entries in the book of Sundram Ltd.
Shares are always issued at par.
A gift given by a legal representative as per the will is called ________.
Answer in one Sentence only :
What is authorised capital?
Answer in one Sentence only :
State the meaning of issued capital.
Answer in one Sentence only :
Write the meaning of equity share capital.
Give one word / Term / phrase for the following statement :
Capital stated in the capital clause of Memorandum of Association.
Give one word / Term / phrase for the following statement :
The portion of subscribed capital which has not yet been called up.
Give one word / Term / phrase for the following statement :
Preference share on which arrears of dividend accumulate.
Give one word / Term / phrase for the following statement :
The maximum amount beyond which a company is not allowed to raise funds.
Give one word / Term / phrase for the following statement :
The capital on which dividend is paid.
Give one word / Term / phrase for the following statement :
Shares having first right on surplus assets at the time of liquidation.
Select the most appropriate answer from the alternatives given below and rewrite the sentence :
Nominal value of shares allotted to the public is called _____________ capital.
Select the most appropriate answer from the alternatives given below and rewrite the sentence :
The document inviting offers from public to subscribe its share is called _____________.
Assertion (A): Authorised share capital is not issued to the public at once.
Reason (R): Companies do not exhaust their authorised capital in the beginning but only a part of the authorised capital is issued for public subscription. Rest of the authorised capital is raised by the company in a phased manner depending on the need for funds.
The liability of members in a company is ______.
Under the provisions of the Companies Act, company can issue:
Assertion (A): The equity shareholders are paid dividend on the shares held by them.
Reason (R): As the equity shareholders are the owners and dividend form their earning.
