CUET Accountancy - 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. (C) A minimum of 7 days' notice is given to the shareholders to pay the amount. (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: | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 1

Company Accounts

Medium

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

✅ Correct Option: 2

Related questions:

4 June Shift 2

200 shares of Rs. 100 each issued at a premium of Rs.10 were forfeited for the non-payment of allotment money of Rs. 60 (including premium) per share. The first and final call of Rs. 20 per share on these shares were not made. The forfeited shares were reissued at Rs. 70 per share as fully paid-up. Capital reserve created after reissue will be:

3 June Shift 2

When the directors opt to make a proportionate allotment to all applicants, the excess application money received is normally adjusted towards the amount due on allotment. In case, the excess application money received is more than the amount due on allotment of shares, such excess amount may either be:

3 June Shift 1

Identify the true statement in respect of Reserve Capital :-

CUET Accountancy 2025 15 May Shift 1 PYQs

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