Advertisements
Advertisements
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.
उत्तर
As per the Section 78 of the Companies Act of 1956, the amount of securities premium can be used by the company:
1) To issue fully paid bonus shares to the members
2) To write-off preliminary expenses of the company
3) To buy-back its own shares or other securities
APPEARS IN
संबंधित प्रश्न
Shares are always issued at par.
Answer in one Sentence only :
What is authorised capital?
Answer in one Sentence only :
Write the meaning of equity share capital.
Answer in one Sentence only :
What is meant by convertible preference share?
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 :
The capital which is not disclosed in the balance sheet.
Give one word / Term / phrase for the following statement :
The maximum amount beyond which a company is not allowed to raise funds.
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.
What is the authorised capital?
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.
