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CUET Accountancy 2022 PYQs8 Aug Shift 2. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2022 8 Aug Shift 2

Share Capital

past year questions, Company Accounts, CUET Accountancy 2022 8 Aug Shift 2

Medium

As per the Companies Act, 1956, a company shall hold the first meeting of board of directors within how many days of the date of its incorporation?

Solution

✅ Correct Option: 1

As per the Companies Act, 1956 (and continued under the Companies Act, 2013, Section 173), every company is required to hold the first meeting of its Board of Directors within 30 days from the date of its incorporation.

Note: The question concerns company law procedure; we have placed it under Company Accounts as the closest listed topic.

Related questions:

2026: 6 June Shift 1

A share of Rs. 100 issued at Rs. 110 on which Rs. 70 (including premium) has been received is forfeited. What is the amount per share that will be transferred to capital reserve if share is reissued at Rs. 70 fully paid-up?

2025: 13 May Shift 1

Nominal share capital is-

2025: 13 May Shift 1

Which section of the Company's Act defines/describes Equity and Preference Shares?

2025: 3 June Shift 2

Match List-I with List-II

List-IList-II
(A) Calls in Arrears(I) This is the case when applications for more shares of a company are received than the number offered to the public for subscription.
(B) Calls in Advance(II) This is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.
(C) Over Subscription(III) The amount due that shareholders fail to pay on allotment or on any of the calls.
(D) Under Subscription(IV) The amount sometimes received from the shareholders as a part or the whole of the amount of the calls not yet made.

Choose the correct answer from the options given below:

2022: 30 Aug Shift 2

What is the correct sequence of types of capital in company's Balance sheet while preparing notes to accounts.

A. Issued Capital

B. Subscribed and fully paid up capital

C. Share forfeited Balance

D. Authorised Capital

E. Subscribed but not fully paid up capital

Choose the correct answer from the options given below:

2026: 21 May Shift 2

At the time of forfeiture of shares, Share Capital A/c will be debited with:

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CUET Accountancy Past Year Questions (Topic-Wise)