If the condition of minimum subscription in case of the issue of shares is not satisfied, and the company fails to repay the entire subscription amount within 15 days from the date of closure of the subscription list, the company (through its officers in default) is liable to pay the amount with interest at the rate of ................. as per Section 39 of the Companies Act, 2013.

While issuing the share capital for public subscription, the application money should be at least _____ % of the face value of the share.

Arrange the following in order with respect to the issue of shares

(A) Application received

(B) Issue of prospectus

(C) Forfeiture of shares

(D) Allotment of Shares

(E) Reissue of forfeited shares

Choose the correct answer from the options given below:

The number of shares to be issued to a vendor for consideration other than cash is calculated as follows:

Under which sub-head in the balance sheet does the balance of share forfeiture account appear?

Money received in advance from shareholders before it is actually called-up by the directors is :

The Profit on reissue of forfeited shares is transferred to :