Company Accounts

Share Capital

Medium

common

Which of the following is not a feature of a private company ?

Limits the number of its members to 200 (including its employees);

A private company must have at least 2 persons, except in case of one person company;

Limits the number of its members to 200 (excluding its employees);

Restricts the right to transfer its shares;

✅ Correct Option: 1

A private company restricts membership to 200, but present and past employees who are members are excluded from this count. Hence the statement that the limit includes employees is not a correct feature.

2025: 15 May Shift 2

Zomato Ltd. decided to offer 10% of its issued capital to its employees at a price lower than its market value. The scheme adopted by Zomato Ltd. is

2022: 8 Aug Shift 2

As per the Companies Act, 2013, in general, the maximum time gap specified between two annual general meetings of a company is:

2026: 23 May Shift 2

Applications Supported by Blocked Amount (ASBA) is a process developed by ..............to apply for subscribing to IPOs and Rights Issue etc. of securities.

2026: 19 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Issue price of share is higher than its nominal value	(I) Pro-rata Allotment
(B) Money not received on first call	(II) Securities Premium Reserve
(C) Money of Second & Final Call received with First Call	(III) Calls in arrear A/c
(D) Share issued 5000 and Application received for 7,000 shares	(IV) Calls in advance A/c

Choose the correct answer from the options given below:

2025: 15 May Shift 1

What is the amount of excess application money credited to share allotment and money refunded on rejected application in totality?

2026: 13 May Shift 1

Select the correct statements related to shares and share capital :

(A) Authorized Share Capital and Nominal Share Capital are different from each other.

(B) Equity shares cannot be redeemed during the lifetime of the company.

(D) Equity shares cannot be issued to the public at a discount.

Choose the correct statements from the options given below:

Which of the following is not a feature of a private company ?

Solution

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