Company Accounts

Share Capital

Easy

common

If a company fails to get the minimum subscription of of the issued amount and also fails to return the entire subscription amount within the prescribed time, it shall be liable to pay interest @ .

90 %, 10 %

90 %, 15 %

90 %, 12 %

75 %, 18 %

✅ Correct Option: 2

Minimum subscription is fixed at $90\%$ of the issued amount. If that is not received and the money is not refunded within the prescribed period, the company and its officers become liable to repay with interest at $15\%$ per annum under the Companies Act, 2013 read with the allotment rules.

2024

Match List-I with List-II

2022: 20 Aug Shift 2

Match List I with List II

List I	List II
A. Share forfeiture	I. Reserve Capital
B. Uncalled Capital	II. Pro-rata allotment
C. Over-subscription	III. Capital Reserve
D. Discount on issue of shares	IV. Reissue of shares

Choose the correct answer from the options given below:

2025: 13 May Shift 1

Arrange steps for the issue of shares-

(A) Allotment of shares

(B) Issue of Prospectus

(D) Receipt of Applications

Choose the correct answer from the options given below:

2025: 27 May Shift 2

Arrange the following events (in relation to the issue of shares) in a logical order.

(A) Transfer to capital reserve.

(B) Forfeiture of share.

(D) Re issue of share.

Choose the correct answer from the options given below:

2025: 14 May Shift 1

Amount recieved on allotment:

2025: 2 June Shift 2

R Ltd purchased a building from X Infra for Rs 6,00,000 and the payment is to be made by the issue of shares for Rs 100 each at a premium of 20%. Calculate the number of shares to be issued.

If a company fails to get the minimum subscription of __________ of the issued amount and also fails to return the entire subscription amount within the prescribed time, it shall be liable to pay interest @__________ .

Solution

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CUET Accountancy Past Year Questions (Topic-Wise)

If a company fails to get the minimum subscription of of the issued amount and also fails to return the entire subscription amount within the prescribed time, it shall be liable to pay interest @ .