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WorksheetsCalls on Shares, Forfeiture and Surrender of Shares - Topic 6
Total questions: 12
Worksheet time: 8mins
Select the correct options.
The gap between two calls should not be less than _________.
14 days
one month
21 days
Select the correct options.
Company can _________ shares on non–payment of calls.
forfeit
surrender
allot
Give a word or a term or a phrase.
Penal action taken by company on non–payment of calls.
(a)
Give a word or a term or a phrase.
Calls not paid by shareholder.
(a)
State whether true or false.
Only fully paid up shares can be forfeited.
State whether true or false.
Calls not paid by shareholder is called as calls in arrears.
State whether true or false.
Company can surrender shares on non–payment of calls.
State whether true or false.
The gap between two calls should not be less than 14 days.
Find the odd one.
Allotment of shares, Forfeiture of shares, Surrender of shares
Allotment of shares
Forfeiture of shares
Surrender of shares
Complete the sentence.
Company can forfeit only (a) paid shares.
Complete the sentence.
Voluntarily giving up of shares by a member due to inability to pay calls is called as (a) .
Complete the sentence.
If the calls on shares are not paid by shareholders it is called (a) .
