In the case of issue of shares, the amount on any call should not exceed .......... of the face value of shares.
In the case of issue of shares, the amount on any call should not exceed .......... of the face value of shares.
Solution
✅ Correct Option: 1
Under the Companies Act read with Table F, no call may exceed one-fourth of the nominal (face) value of a share. So the ceiling on any single call is of face value. This is why a typical issue is structured as application, allotment and calls, each within the limit on calls.
Related questions:
2025: 22 May Shift 2