Issue of Shares

Dividends are usually paid on:

• Authorised Capital

• Issued Capital

• Called up Capital

• Paid Up Capital

As per the Companies Act, 2013, only preference shares which are redeemable within _________ can be issued.

• 24 Years

• 25 Years

• 30 Years

• 20 Years

Promotion Expenses are also known as -

• Preliminary Expenses

• Revenue Expenses

• Capital Expenses

• Answer is not among the Options

Figure out the Order -

1. Issued Capital

2. Subscribed Capital

3. Authorised Capital

4. Paid Up Capital

5. Called Up Capital

• 2, 3, 5, 1, 4

• 2, 1, 3, 5, 4

• 3, 1, 2, 5, 4

• 3, 2, 1, 4, 5

When a company receives share application money, the entry will be-

• Debit Bank a/c ; Credit Share Capital a/c

• Debit Share Capital a/c ; Credit Bank a/c

• Debit Application a/c ; Credit Bank a/c

• Debit Bank a/c ; Credit Share Application a/c

Rate of dividend is fixed in case of ________.

• Equity Share Capital

• Preference Share Capital

• Both the Options are possible

• Answer is not among the options provided

Tara Ltd. issued 120,000 shares. The issued was subscribed for 110,000 shares. This is a case of ______.

• Full Subscription of Shares

• Undersubscription of Shares

• Oversubscription of Shares

What is the minimum amount of shares that has to be subscribed in an IPO? (Initial Public Offer)

• 95%

• 90%

• 100%

• 80%

Which of the following is not a feature of a company?

• Limited Liability

• Sane Person

• Official Signatory

• Perpetuity

Ralph Ltd. issued 150,000 shares at Rs. 10 per share with a premium of Rs. 2 per share payable Rs. 3 on application, Rs. 5 on allotment (including premium) and balance on the first call. Applications were received for 120,000 shares. Calculate the amount received by Ralph Ltd. on application.

• Rs. 450,000

• Rs. 750,000

• Rs. 600,000

• Rs. 360,000