Issue of shares

Appointment of allotment committee is done when shares are

• Oversubscribed

• Undersubscribed

• Subscribed at par

• None

'Return of allotment' need to be filled with ROC within

• 30days

• 60days

• 45days

• 15days

Letter of_____ is sent to shareholder to whom shares are not allotted

• Letter of allotment

• Letter of renunciation

• Letter of regret

• Letter of invitation

____ is the evidence of ownership

• Share certificate

• Debenture Certificate

• Bonds

• None

Share certificate includes

• Signature by two directors

• Common seal of company

• Sign by company secretary

• All of the above

Selects correct answer for duplicate certificate

• Torn certificate surrendered to company

• Shareholder proves that certificate is lost

• It's issued within 3 months from date of application

• All of the above

Gap between two calls should be less than

• 1 month

• 2months

• 3months

• 4months

Minimum notice for paying call is of

• 10days

• 14days

• 24days

• 20days

Effects of forfeiture

• Cessation of Membership

• Liability of membber

• Liquidation of company

• All of the above

If company goes under liquidation within one year of forfeiture then member is liable to pay calls as past member

• True

• False

• I don't undersstand

• None