In case a company issued shares of face value Rs 100 in consideration of a building purchased for Rs 10,80,000, at the following issue prices. Match List-I with List-II.

List-I (Issue price of share)	List-II (No. Of shares to be issued)
(A) Rs. 120	(I) 7,200
(B) Rs. 90	(II) 8,640
(C) Rs. 125	(III) 12,000
(D) Rs. 150	(IV) 9,000

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Authorised capital is the amount of share capital which a company is authorised to issue by its:

A company can accept calls in advance, if authorised by:

Which of the following is true in relation to a company and the issue of shares ?

A. A company is an artificial person with separate legal entity, perpetual succession and a common seal.

B. Share calls are to be made as per the provisions of the articles of association.

C. Minimum subscription of 75% is must for issue of shares.

D. The procedure for accounting for the issue of both equity and preference shares is the same. To differentiate between the two, the words 'Equity' and 'Preference' is prefixed to each and every instalment.

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Which from the following is also known as 'Vertical Organisation'?

Money received in advance from shareholders before it is actually called-up by the directors is :

Match List - I with List - II.

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