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Question
Correct the underlined word and rewrite the following sentence.
Call money cannot exceed 5% of nominal value of shares.
One Line Answer
Solution
Call money cannot exceed 25% of nominal value of shares.
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Calls on Shares
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Chapter 3: Issue of Shares - EXERCISE [Page 65]
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RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
The gap between two calls should not be less than ______
State whether the following statement is true or false.
Calls not paid by shareholder is called as calls in arrears.
Explain the following term/concept.
Calls on shares
Answer in brief.
What is calls on shares?
Call money cannot exceed 5% of the nominal value of shares.
