Company Accounts

Share Capital

Easy

common

Applications Supported by Blocked Amount (ASBA) is a process developed by ..............to apply for subscribing to IPOs and Rights Issue etc. of securities.

Securities and Exchange Board of India (SEBI)

Bombay Stock Exchange (BSE)

National Stock Exchage (NSE)

Ministry of Corporate Affairs (MCA)

✅ Correct Option: 1

ASBA was introduced by SEBI, the securities market regulator. Under it the application money stays blocked in the investor's bank account and is debited only on allotment.

2023: 11 June Shift 3

Match List - I with List - II.

List - I	List - II
(A) Equity Share	(I) Fixed Dividend
(B) Preference Share	(II) No hold over Assets
(C) Secured Loan	(III) Hold over Assets
(D) Unsecured Loan	(IV) Voting Right

Choose the correct answer from the options given below :

2026: 21 May Shift 1

Sec. 2 (62) of the companies Act, 2013, defines OPC as a "company which has only one person as a member". Rule 3 of the Companies (Incorporation) Rules, 2014 provides that:

2026: 31 May Shift 1

In case of issue of shares, the 'minimum subscription' of capital cannot be less than .......... of the issued amount according to SEBI (Disclosure and Investor Protection) Guidelines, 2000.

2026: 21 May Shift 2

Company can issue its shares to public:

A. For cash

B. Either at par or at a premium

C. For consideration other than cash

D. At discount

Choose the correct answer from the options given below:

2025: 30 May Shift 1

__________ is that portion of the subscribed capital which has not been demanded by the company. The company may collect this amount any time when it needs further funds :-

2026: 23 May Shift 2

The journal entry for the amount due on allotment is:

Applications Supported by Blocked Amount (ASBA) is a process developed by ..............to apply for subscribing to IPOs and Rights Issue etc. of securities.

Solution

Related questions:

Keyboard Shortcuts

CUET Accountancy Past Year Questions (Topic-Wise)