Company Accounts

Share Capital

Medium

common

Which of the following types of issue of shares is allowed to a company?

(A) Issue of shares of Face Value Rs. 10 at Rs. 11 by Initial Public Offer

(B) Issue of shares of Face Value Rs. 10 at Rs. 10 by Initial Public Offer

(C) Issue of shares of Face Value Rs. 10 at Rs. 9 by Initial Public Offer

(D) Issue of shares of Face Value Rs. 10 at Rs. 9 to its employees

Choose the correct answer from the options given below:

(B) and (D) only

(A) and (C) only

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

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

✅ Correct Option: 3

Shares may be issued at par or at a premium, so (A) and (B) are valid. Section 53 prohibits issue at a discount to the public, so (C) is not allowed. The only permitted exception is sweat equity shares issued at a discount to employees or directors, which validates (D).

2023: 20 June Shift 2

Before forfeiture of Rahul's shares, who are required to issue notice in this regard.

2025: 13 May Shift 1

Which of the following statements are correct?

(A) A company is an artificial person.

(B) Company's shares are generally transferable.

(D) The part of capital which is called up only on winding up is called reserve capital.

Choose the correct answer from the options given below:

2023: 11 June Shift 3

Calculate the amount of Dividend paid during the year 2022 from the following information :

Balance of Proposed Dividend as on 31st March, 2021 was Rs. 40,000 and on 31st March, 2022 Rs. 60,000. Interim Dividend was paid @20% on share capital. Share capital was Rs. 4,00,000.

2025: 30 May Shift 2

Which statements among the following are CORRECT?

(A) A public company's shares are generally transferable.

(B) Share application account is a personal account.

(D) Paid up capital can exceed called up capital.

Choose the correct answer from the options given below:

2026: 11 May Shift 2

Match the LIST-I with LIST-II

LIST-I		LIST-II
A. Section 43 of Companies Act, 2013	I.	Calls in advance
B. Interest @10% p.a	II.	One person company
C. Section 2(62) of Companies Act, 2013	III.	Preference shares and Equity shares
D. Interest @12% p.a	IV.	Calls in Arrear

Choose the correct answer from the options given below:

2025: 15 May Shift 2

The amount on any call should not exceed ___ of the face value of shares.

Solution

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CUET Accountancy Past Year Questions (Topic-Wise)