Which of the following statements are correct in respect of share capital?

A. Share application money received in excess is adjusted towards allotment.

B. Calls in advance is shown under share capital

C. Securities premium can be used to issue fully paid bonus shares

D. Share forfeiture account is a capital gain

Choose the correct answer from the options given below:

Rohan to whom 600 shares were allotted must have applied for:

When a company reserve a portion of its uncalled capital to be called in the event of winding up, such uncalled capital is known as:-

Discount allowed on reissue of forfeited shares is debited to

Amount of Securities Premium Reserve to be debited at the time of forfeiture of shares will be

Over Subscription means when applications received for shares of a company are more than the number of shares offered to the public for subscription. Identify correct statements regarding over subscription.

(A) This happens in respect of the share issue of well-managed and financially strong companies.

(B) The problem of over subscription is resolved with the forfeiture of shares.

(C) In such condition, three alternatives are available to the directors to deal with the situation.

(D) The problem of over subscription is usually resolved with the allotment of shares.

Choose the correct answer from the options given below:

As a general rule, a company cannot ordinarily issue shares at ..................?