CUET Accountancy - In the case of under subscription of shares. | PYQs + Solutions

CUET Accountancy 2025 2 June Shift 2

Company Accounts

Easy

common

Shares are allotted only when the company receives the subscription and application money on minimum subscription as stated in the prospectus.

Shares are allotted to all applicants without considering anything.

All the issued shares are allotted to all applicants proportionally.

The Issue Is Closed And Application Money Is Refunded.

✅ Correct Option: 1

Related questions:

14 May Shift 1

Shares can be forfeited :

15 May Shift 1

While issuing the share capital for public subscription where there is no articles of association of its own, the following provisions of Table A will apply:

(A) A period of one month must elapse between two calls.

(B) The amount of call should not exceed 25% of the face value of the share.

(D) Calls must be made on a uniform basis on all shares within the same class.

Choose the correct answer from the options given below:

3 June Shift 2

There must be an interval of how many months between the making of two calls unless otherwise provided by the articles of association of the company.

CUET Accountancy 2025 2 June Shift 2 PYQs

Keyboard Shortcuts