A shareholder purchased in the open market shares of a company whose prospectus contained some misstatements. He ____________.

The liability of a shareholder in a company limited by shares is ____________.

All monies received with the application of shares are to be deposited_______.

The ___________ on equity shares is not cumulative.

The share capital of a company may be reduced by __________.

Minimum paid up capital for a public company

For reducing its share capital it should give notice to whom?

________ resolution should be passed by the company to offer shares to outsiders

____ are the shares issued by the company to it employees or directors for consideration other than cash

XYZ Co. is a holding of XZ Pvt. Company. XZ Co. issued deferred shares. The issue is valid or void

XYZ Co, is having 15% share capital held by X Company and 50% held by Central Government and 10% held by State Government and 25% held by other people then that company will be

XYZ Co, is having 10% share capital held by another Public Company and 35% held by Central
Government and 55% held by people then that Company is

_______ % of shares should be held by a company in another company so as to become subsidiary

X Company is holding majority of shares in Y company. Will X and Y companies will be the same.

If the company failed to refund application money within 130 days from the date of issue of prospectus on non-receipt of minimum subscription who will be personally liable.

Shareholders are

Paying back of capital is called

the company has not received permission for listing from stock exchange and repayment of amount delayed by more than 8 days the minimum interest should be paid is

Name of the member is struck off from the register in case of____________

If the permission has not been granted or not applied for permission for listing through stock exchange, the allotment of shares will be void in case of such public company

The liability of members, if company is limited by shares

A document showing title is a

Public company can allot shares without receiving minimum subscription?

Private companies cannot freely transfer their shares to the public like public companies.

There was a minimum paid-up share capital requirement of Rs.1 lakh previously, but that is omitted now.

Companies Act 2013 has not prescribed any amount as minimum paid up capital for OPCs.

The premium will not make a part of the Share Capital account but will be reflected in a special account known as the Securities Premium Account.

When the company decides to issue shares at a price higher than the nominal value or face value we call it shares issued at a premium

When the company allots shares for the first time these shares can be issued at their nominal price or above or below such a nominal price.

If the shares are not fully paid up at the time of allotment than several calls can be made until the shares are fully paid up.

After the company receives minimum subscriptions, it may start allotting the shares.

Application of shares does not guarantee allotment of shares.

The shares will be fully paid up only after the last instalment has been called and paid up.

Shares sold at discount cost is less than the face/nominal value.

Shares sold at a premium cost more than their nominal value and the amount in excess of the face value is the premium.

The shares will be at par when the shares are sold at their nominal value.

A company can issue its shares either at par at a premium or even at a discount.

Every shareholder is a part owner of the company in which he owns shares.

When the shares have forfeited all entries regarding the issue of such shares have to be reversed.

When the shares are forfeited, the shareholder ceases to be a member of the company.

If the shareholder fails to pay any of the calls (one or more) on the authorization of the board of Directors, the said shares can be forfeited.

When shares are allotted to an applicant, he and the company enter into a contract automatically.

An Extraordinary General Meeting (an EGM) can be defined as a meeting of shareholders which is not an Annual General Meeting (an AGM).

Annual General Meeting (AGM) is a yearly meeting of stockholders or shareholders, members of company, firm and organizations.

At least 90% of the issued capital must receive subscription or the offer will be said to have failed.

Minimum subscription is generally set by the Board of Directors, but it cannot be less than 90% of the issued capital.

Minimum subscription is a minimum amount that must be raised when the shares are offered to the public during the issue of shares.

Before the issue of shares comes the issue of the prospectus.

All equity shares must come with full voting rights.

A company cannot issue non-voting equity shares, they are illegal.