CUET Accountancy 2025 22 May Shift 2 PYQs

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;

(C) Working capital;

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

Choose the correct answer from the options given below:

Which of the following company, by its articles, restricts the right to transfer its shares ?

If the premium amount has not been received, in respect of the shares forfeited, the Securities Premium Reserve Account