CUET Accountancy - Shares can be forfeited : | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 1

Company Accounts

Easy

common

for non-payment of call money

for failure to attend meetings

for failure to repay the loan to the bank

for which shares are pledged as a security

✅ Correct Option: 1

Related questions:

27 May Shift 2

A company purchase its own shares of Rs 5,00,000 from the market. What this process is called ?

27 May Shift 2

Which of the following statements are correct in relation to the issue of share capital for public subscription?

(A) The application money should be at least 5% of the face value of the share.

(B) Calls are to be made as per the provisions of the articles of association.

(D) Calls need not be made on a uniform basis on all shares within the same class.

Choose the correct answer from the options given below:

22 May Shift 2

If a delay occurs beyond 8 days from the date of closure of the subscription list in refunding the amount received due to non-fulfilment of the criteria of minimum subscription, the company shall be liable to pay the amount with interest at the rate of:

CUET Accountancy 2025 3 June Shift 1 PYQs

Keyboard Shortcuts