Company Accounts

Share Capital

Easy

common

Applications Supported by Blocked Amount (ASBA) is a process developed by........................to apply for subscribing to IPOs and Rights Issue etc. of securities.

Reserve Bank of India

Ministry of Corporate Affairs

Ministry of Finance

Securities and Exchange Board of India

✅ Correct Option: 4

ASBA is a facility introduced by SEBI, the securities market regulator, for applying to public and rights issues. The application money stays in the investor's bank account but is blocked, and it is debited only if and to the extent shares are allotted, so refunds are avoided.

2022: 23 Aug Shift 2

An issue of shares made by the company to the public in general for subscription is called :

2022: 23 Aug Shift 2

The maximum amount that can be called up on the first call by the company is :

2025: 26 May Shift 2

The Profit on reissue of forfeited shares is transferred to-

2026: 20 May Shift 1

For one person company, Rule 3 of the Companies (Incorporation) Rules, 2014 provides that its average annual turnover of three years does not exceed ..................

2026: 21 May Shift 1

Capital reserves are created from _______.

2026: 31 May Shift 1

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

Applications Supported by Blocked Amount (ASBA) is a process developed by........................to apply for subscribing to IPOs and Rights Issue etc. of securities.

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