Corporate accounting 31-03-2023

As per AS – 14 purchase consideration is what is payable to

• Shareholders

• Creditors

• Debentureholders

• Shareholders and Debentureholders

To carry out capital reduction, permission is required from:

• The Competent Court

• Company law Board

• Central government

• SEBI

Amount sacrificed by shareholders are credited to:

• Capital reduction account

• Shares surrendered account

• Capital reserve account

n a scheme of reorganisation amount of shares surrendered by shareholders is transferred to:

• Capital reduction account

• Shares surrendered account

• Capital reserve account

• Reserve capital account

In which of the following cases, procedure of reduction of capital is not called for:

• Redemption of preference shares

• Forfeitures of shares

• Surrender of shares or gift of shares

• All of the above