Advertisements
Advertisements
Question
Explain the following term/concept.
Calls on shares
Solution
(a) Calls on shares mean the demand made by the company on its shareholders holding partly paid shares to pay part or full unpaid amount on the shares.
(b) A call may be defined as "A demand made by the company on its shareholders to pay whole or part of the balance remaining unpaid on each share at any time during the lifetime of a company".
APPEARS IN
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.
Correct the underlined word and rewrite the following sentence.
Call money cannot exceed 5% of nominal value of shares.
Answer in brief.
What is calls on shares?
Call money cannot exceed 5% of the nominal value of shares.
