Company Accounts

Share Capital

Easy

common

In case of company limited by shares,

liability of its members is unlimited.

liability of its members is limited to the extent of the nominal value of shares held by them.

liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up.

liability of its members is limited to the extent of the market value of shares held by them.

✅ Correct Option: 2

In a company limited by shares, a member's liability is confined to the unpaid amount on the nominal or face value of the shares held. Market value is irrelevant, and the contribution-on-winding-up test applies to a company limited by guarantee.

2022: 8 Aug Shift 2

Which from the following is also known as 'Vertical Organisation'?

2025: 3 June Shift 1

Shares can be forfeited :

2026: 6 June Shift 1

From the following, which is not a feature of a company?

2026: 20 May Shift 1

Minimum subscription of capital cannot be less than .................. amount according to SEBI (Disclosure and Investor Protection) Guidelines, 2000.

2026: 21 May Shift 2

Manser Company Ltd., New Delhi, has registered its capital as Rs. 40,00,000, divided into 4,00,000 shares of Rs. 10 each. The company offered the public a subscription of 2,00,000 shares of Rs. 10 each. The company received applications for 2,00,000 shares. The company did not make the final call of Rs.2 per share. The company received all the amount except 2,000 shares where share first call money of Rs 3 per share has not been received. Share capital to be shown in balance sheet of Manser Company Ltd. will be:

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.

In case of company limited by shares,

Solution

Related questions:

Keyboard Shortcuts

CUET Accountancy Past Year Questions (Topic-Wise)