Company Accounts

Share Capital

Medium

The paid up share capital of "One Person Company" cannot be more than :

Rs. 50 Lakhs

Rs. 1 crore

Rs. 1.5 crore

Rs. 2 crore

✅ Correct Option: 1

As per NCERT and the original provisions under the Companies Act, 2013, the paid-up share capital of a One Person Company (OPC) cannot exceed Rs. 50 lakhs (and average annual turnover cannot exceed Rs. 2 crore).

Note: The Companies (Incorporation) Second Amendment Rules, 2021 removed these limits, but NCERT-aligned CUET answer follows the original threshold.

2026: 29 May Shift 2

In share capital, the amount on any call should not exceed ________ of the face value of shares.

2026: 6 June Shift 1

Which of the following is that portion of the called up capital, which has been actually received from the shareholders?

2026: 23 May Shift 2

Choose the correct order regarding issue of shares process.

A. Receipt of Applications

B. Issue of Prospectus

C. Allotment of Shares

D. Forfeiture of share

Choose the correct answer from the options given below:

2026: 31 May Shift 1

In the case of issue of shares, the amount on any call should not exceed .......... of the face value of shares.

2025: 4 June Shift 2

The Profit on reissue of forfeited shares is transferred to:

2025: 4 June Shift 2

Discount allowed on reissue of forfeited shares should be debited to:

The paid up share capital of "One Person Company" cannot be more than :

Solution

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