6,000 shares of Rs. 30 on which Rs. 21 have been called up and Rs. 15 has been paid are forfeited. Out of these, 4,500 shares are reissued for Rs. 27 as fully paid. What is the amount to be debited to share forfeiture account at the time of reissue of shares?

Which of the following is incorrect about the minimum subscription:

Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to:

In case of issue of shares, the company has to get minimum subscription within__________ from the date of the issue of the prospectus.

The price payable by the employee for exercising the option granted in pursuance of the Employees Stock Option Plan is .

An issue of shares made by the company to the public in general for subscription is called :

Identify the steps of the procedure of share issue:

(A) Allotment of Shares

(B) Receipt of Applications

(C) Issue of Prospectus

(D) Share Call

Choose the correct answer from the options given below:

The amount of Securities Premium can be used only for the following purposes:

(A) To write off preliminary expenses.

(B) To make partly paid shares as fully paid up.

(C) To issue fully paid bonus shares.

(D) Purchase of its own shares.

Choose the correct answer from the options given below: