ISSUE OF SHARES

_______ refers to capital made up of Equity and Preference shares

• Share Capital

• Debt Capital

• Reserve fund

Bonus Shares are issued free of cost to _____________

• Existing Employees

• Board of Directors

• Existing shareholders

__________ is a proof of title of shares.

• Register of Members

• Share certificate

• Letter of Allotment

The gap between two calls should not be less than ___________

• 14 days

• 1 month

• 21 days

Voluntarily giving away one's share to another person is called as _________ of shares.

• Surrender

• Transfer

• Transmission

Letter of ________ is sent to applicants who have been given shares by the company.

• Regret

• Renunciation

• Allotment

__________ capital refers to the maximum capital a company can raise by issuing shares.

• Issued

• Authorized

• Paid up

True or False: Only fully paid up shares can be forfeited.

• TRUE

• FALSE

True or False: The member transferring shares is called the transferor.

• TRUE

• FALSE

True or False: Calls not paid by shareholder is called as calls in arrears.

• TRUE

• FALSE