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

Which from the following is also known as 'Vertical Organisation'?

Identify the sequence of journal entries with regard to transfer of shares application money and allotment of shares:

(A) Share Allotment A/c Dr.

To Share Capital A/c

(B) Share Application A/c Dr.

To Share Capital A/c

(C) Bank A/c Dr.

To Share Allotment A/c

(D) Share Application A/c Dr.

To Bank A/c

Choose the correct answer from the options given below:

Securities premium can be utilized for

(A) Writing of preliminary expenses.

(B) Issue of bonus share.

(C) Payment of dividends.

(D) Buy back of shares.

Choose the correct answer from the options given below:

There are instances when applications for more shares of a company are received than the number offered to the public for subscription. In such a condition, what are the alternatives available to the directors to deal with the situation?

(A) They can accept some applications in full and totally reject the others.

(B) They can make a pro-rata allotment to all.

(C) They can adopt a combination-accept some applications in full, pro-rata allotment to some and totally reject the remaining.

(D) They can totally reject all applications and come up with fresh issue.

Choose the correct answer from the options given below:

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

Preference Shares are defined under section ________ of the Companies Act, 2013.