Company Accounts

Share Capital

Easy

common

In the case of companies limited by shares, the liability of its members is:

Limited to the extent of the market value of shares held by them.

Limited to the extent of the nominal value of shares held by them.

Unlimited.

Limited to the amount they undertake to contribute in the event of the company being wound up.

✅ Correct Option: 2

In a company limited by shares, a member's liability is capped at the nominal (face) value of the shares held, so he can be asked to pay only the amount remaining unpaid on them. Market value is irrelevant. The guarantee amount payable on winding up applies to a company limited by guarantee, not by shares.

2022: 23 Aug Shift 2

Uncalled capital that can be called up only in event of winding up of the company is called :

2026: 31 May Shift 1

In the case of issue of shares, the amount on any call should not exceed .......... of the face value of shares.

2025: 4 June Shift 2

The Profit on reissue of forfeited shares is transferred to:

2026: 29 May Shift 1

Which of the following is not a feature of a company?

2025: 14 May Shift 1

A company failed to receive Rs 2,00,000 on First and final Call. Interest on calls in arrears is charged according to 'Table F' at:

2025: 4 June Shift 2

The maximum number of members in a private company can be .......

In the case of companies limited by shares, the liability of its members is:

Solution

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