Forfeiture of shares results in compulsory termination of ______ due to non-payment of allotment/call money
A) allotment
B) membership
C) subscription
D) issue
Correct Answer:
Verified
Q13: A company can issue share at a
Q14: When bonus share are received the average
Q15: Bonus shares are issued by _ free
Q16: Bonus shares are issued out of _
A)capital
Q17: Right shares are issued to _ shareholders
A)previous
B)existing
C)future
D)none
Q19: Securities premium account can be used for
A)paying
Q20: After the issue of forfeited shares, balance
Q21: Preference shares have priority over equity shares
Q22: Shareholders get:
A)interest
B)dividend
C)bonus
D)commission
Q23: Debenture holders have right to receive _
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