If a Share of Rs. 10 on which Rs. 8 is called-up and Rs. 6 is paid is forfeited. By what amount the Share Capital account will be debited at the time of forfeiture:

A private company is one which by its articles of association:

A. Limits the number of its members to 200 (excluding its employees);

B. Limits the number of its members to 200 (including its employees);

C. Restricts the right to transfer its shares;

D. Must have at least 2 persons, except in case of one person company;

Choose the correct answer from the options given below:

The amount received on First and Final call is

As 'Calls in Advance' is a liability of the company, it is under obligation, if provided by the Articles, to pay interest on that amount from the date of its receipt up to the date when the appropriate call is due for payment. According to "Table F", interest on calls in advance cannot exceed __________.

Rule 3 of the Companies (Incorporation) Rules, 2014 provides the following information regarding One Person Company:

A. Only a natural person being an Indian citizen and resident in India can form one person company,

B. It can carry out non-banking financial investment activities.

C. Its paid up share capital is not more than Rs. 50 Lakhs.

D. Its average annual turnover of three years does not exceed Rs. 2 Crores.

Choose the correct answer from the options given below:

If the company fails to receive the minimum subscription within the stipulated time period, the company cannot proceed for the allotment of shares and application money should be returned within how many days of the date of issue of prospectus?

At the time of purchase of a business, if net assets are in excess of purchase consideration, the excess money will be ...... ?