As per section 68 of The Companies Act, 2013, the company cannot buy their own shares from either of the following source:

If a share of Rs. 10 on which Rs. 7 has been paid is forfeited, at what minimum price can it be reissued ?

Securities premium Reserve can be utilised ___

A. to return excess money received on application

B. to write off preliminary expenses

C. to issue partly paid bonus shares

D. for premium paid on Redemption of Debentures or preference shares

E. for buy back of shares

Choose the correct answer from the options given below:

Consider the given steps below for Issue of Shares :-

(A) Receipt of Applications

(B) Allotment of Shares

(C) Issue of Prospectus

(D) Receipt of Minimum Subscription

Choose the correct sequence of above steps from the options given below:

Which statements among the following are CORRECT?

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

(B) Share application account is a personal account.

(C) The director of a company may be a shareholder.

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

Choose the correct answer from the options given below:

Hari, the holder of 1200 shares paid the amount due on first call @ Rs 2/- per share along with second and final call which became due after 1 month from the due date of first call. What interest will be charged from Hari on calls in arrears:

What is the correct sequence of types of capital in company's Balance sheet while preparing notes to accounts.

A. Issued Capital

B. Subscribed and fully paid up capital

C. Share forfeited Balance

D. Authorised Capital

E. Subscribed but not fully paid up capital

Choose the correct answer from the options given below: