Share Capital Questions

Raj Ltd. was registered with $70,000$ equity shares. They issued $40,000$ equity shares @ $10$ each payable as follow :On Application Rs. $4$ per shareOn Allotment Rs. $3$ per shareand Balance on $2$ callsThe issue was over subscribed by $50,000$ shares. The directors decided upon making prorata allotment to $60,000$ shares while remaining were returned.The portion of capital which the company does not issue to the public is known as :

Raj Ltd. was registered with $70,000$ equity shares. They issued $40,000$ equity shares @ $10$ each payable as follow :On Application Rs. $4$ per shareOn Allotment Rs. $3$ per shareand Balance on $2$ callsThe issue was over subscribed by $50,000$ shares. The directors decided upon making prorata allotment to $60,000$ shares while remaining were returned.Amount to be returned to the applicants due to non-allotment of shares will be :

An issue of shares made by the company to the public in general for subscription is called :

Forfeiture of shares results in the reduction of :

Raj Ltd. was registered with $70,000$ equity shares. They issued $40,000$ equity shares @ $10$ each payable as follow :On Application Rs. $4$ per shareOn Allotment Rs. $3$ per shareand Balance on $2$ callsThe issue was over subscribed by $50,000$ shares. The directors decided upon making prorata allotment to $60,000$ shares while remaining were returned.The maximum amount that can be called up on the first call by the company is :

Match List - I with List - II.List - I ||| List - II(A) Share forfeiture ||| (I) Cr. share capital(B) Shares reissued ||| (II) Dr. share capital(C) Excess application money refunded ||| (III) Dr. Bank A/c(D) Calls money received ||| (IV) Cr. Bank A/cChoose the correct answer from the options given below :

Uncalled capital that can be called up only in event of winding up of the company is called :

If a share of Rs. $10$ on which Rs. $7$ has been paid is forfeited, at what minimum price can it be reissued ?

Raj Ltd. was registered with $70,000$ equity shares. They issued $40,000$ equity shares @ $10$ each payable as follow :On Application Rs. $4$ per shareOn Allotment Rs. $3$ per shareand Balance on $2$ callsThe issue was over subscribed by $50,000$ shares. The directors decided upon making prorata allotment to $60,000$ shares while remaining were returned.The amount to be adjusted with the call of allotment will be :

Securities Premium Reserve as per section 52(2) of the companies Act 2013 can be used :(A) To write-off preliminary expenses of the company(B) To issue fully paid bonus shares to the extent not exceeding unissued share capital of the company(C) To pay premium on the redemption of preference shares or debentures(D) To write off discount allowed on the goods sold on creditChoose the correct answer from the options given below :

Raj Ltd. was registered with $70,000$ equity shares. They issued $40,000$ equity shares @ $10$ each payable as follow :On Application Rs. $4$ per shareOn Allotment Rs. $3$ per shareand Balance on $2$ callsThe issue was over subscribed by $50,000$ shares. The directors decided upon making prorata allotment to $60,000$ shares while remaining were returned.Total applications received are for :

All of them are shown under the sub-heading 'Reserve and Surplus' except :