Before forfeiture of Rahul's shares, who are required to issue notice in this regard. Option 1: Directors Option 2: Promoters Option 3: Employees Option 4: Members

The answer is 'Directors'. View full solution:

CUET Accountancy - Before forfeiture of Rahul's shares, who are required to issue notice in this regard. | PYQs + Solutions

CUET Accountancy 2023 20 June Shift 2

Company Accounts

Easy

Directors

Promoters

Employees

Members

✅ Correct Option: 1

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Amount of Securities Premium Reserve to be debited at the time of forfeiture of shares will be

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Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to:

(A) The price of any property purchased, or to be purchased, which has to be met wholly or partly out of the proceeds of issue;

(B) Preliminary expenses payable by the company and any commission payable in connection with the issue of shares;

(D) Any other expenditure required for the usual conduct of business operations

Choose the correct answer from the options given below:

CUET Accountancy 2023 20 June Shift 2 PYQs

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