Vesting is a process to give right to ........................ to apply for shares of the company.

Match the LIST-I with LIST-II

Choose the correct answer from the options given below:

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:

On the basis of the number of members, companies can be divided into:

(A) Unlimited Company

(B) Public Company

(C) Private Company

(D) One Person Company (OPC)

Choose the correct answer from the options given below:

A per Rule 3 of the Companies (Incorporation) Rules, 2014 which of the following is not true in respect of One Person Company (OPC)?

Choose the correct order regarding issue of shares process.

A. Receipt of Applications

B. Issue of Prospectus

C. Allotment of Shares

D. Forfeiture of share

Choose the correct answer from the options given below:

Purna Ltd. forfeited 16,000 equity shares of Rs. 200 each issued at a premium of 10% for non-payment of first and final call of Rs. 60 per share. The minimum amount at which all forfeited shares can be reissued will be :-