CPT - Issue of Shares 1 Online Test

Which of the following statement is incorrect?


Equity shareholders and Preference shareholders are


Share allotment account is a


Discount of issue of share is shown on the


Which of the following statement is incorrect?


Public limited company cannot issue


Securities Premium account is recorded on the


A new company cannot issue shares at discount.


Unless otherwise permitted by central government, the rate of discount on shares should not exceed


A company can issue shares at a discount only after _______ year elapsed since the company became entitled to commence the business.


As per section 78 of the companies act, amount collected as premium on securities cannot be utilised for:


The portion of the authorised capital which can be called-up only on the liquidation of the company is called


Which of the following statements are incorrect ?


Which of the following statement is false?


Payment of interest on calls-in-advance is at the discretion of the company.


Which of the following statement is incorrect?


Right shares mean the shares which are


The rate of discount on equity shares:


Premium on issue of shares can be used for writing off the discount on issue of shares and debentures of the company.


Which of the following statement is false?






















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