Company Accounts

Share Capital

Medium

common

In public subscription, when there is no articles of association, which of the following provision is not true?

The amount of call should not exceed 25% of the face value of the share

A period of three months must elapse between two calls

A minimum of 14 days' notice is given to the shareholders to pay the amount

Calls must be made on a uniform basis on all shares within the same class

✅ Correct Option: 2

When a company has no Articles, Table F of the Companies Act, 2013 applies. Under it, a call cannot exceed $25\%$ of face value, at least 14 days' notice must be given, and calls must be uniform within a class. The required gap between two calls is one month, not three months, so statement (2) is not true.

2023: 29 May Shift 2

A company can buy its own shares when-

2025: 15 May Shift 1

What amount will be credited to Equity Share Application Account on February 10, 2024?

2022: 16 July Shift 2

The Balance Sheet of the company will show authorised capital of the company as _______ .

2025: 26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Restricts the right to transfer its shares	(I) OPC
(B) A company which is a subsidiary of a public company	(II) Private Company
(C) A company which has only one person as a member	(III) Perpetual Succession
(D) Members may come and go but the company continues	(IV) Public Company

Choose the correct answer from the options given below:

2026: 31 May Shift 1

In case of issue of shares, the 'minimum subscription' of capital cannot be less than .......... of the issued amount according to SEBI (Disclosure and Investor Protection) Guidelines, 2000.

2025: 14 May Shift 1

Shares can be forfeited :

In public subscription, when there is no articles of association, which of the following provision is not true?

Solution

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