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प्रश्न
Short Answer Question
Write a brief note on ‘Minimum Subscription’.
उत्तर
When shares are issued to the general public, the minimum amount that must be subscribed by the public so that the company can allot shares to the applicants is termed as Minimum Subscription. As per the Company Act of 1956, the Minimum Subscription of share cannot be less than 90% of the issued amount. If the Minimum Subscription is not received, the company cannot allot shares to its applicants and it shall immediately refund the entire application amount received to the public.
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Long Answer Question
Describe the purposes for which a company can use ‘Securities Premium Account’
Give the meaning of 'Calls-in-Advance'.
What should be deducted from subscribed share capital while preparing notes to account in the balance sheet.
When the entire face value of a share is called by the company and is also paid by the shareholder, It is known as ______.
When a company makes an offer or invites the public in general to subscribe its shares, it is known as ______.
What will be the journal entry for the money received on application for shares?
When any shareholder fails to pay the amount due on allotment or on any of the calls, such amount is known as ______
Calls in-Arrears represents which kind of balance of all the calls account and are shown as deduction from the paid-up capital on the ______ side of the balance sheet.
Some shareholders pay a part or the whole of the amount of the calls not yet made. The amount so received from the shareholders is known as ______?
When applications for more shares of a company are received than the number of shares offered to the public for a subscription it is called ______?
In case of "over subscription" the director of the company has the power to deal the situation in which of the following manner?
What the director can do in the case of pro-rata allotment for the excess amount received is more than the amount due on allotment of shares?
For which of the following purposes the amount of securities premium can be utilized?
A company issues its shares at a premium under which Section of Indian Companies Act, 2013?
Which statement is issued before the issue of shares?
The maximum capital beyond which a company is not allowed to raise funds, by the issue of shares is called ______.
| Nitya, Shreya and Ishita are partners in a firm. They share profits in the ratio of 5 : 3 : 2. Their fixed capitals are ₹ 1,80,000; ₹ 1,60,000 and ₹ 2,00,000 respectively. For the year ending 31st March 2022, Nitya withdrew ₹ 7,500 at the end of every quarter. |
The average number of months for which interest on drawings will be calculated will be:
