Company Accounts

Share Capital

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

60% of the issued

70% of the issued

80% of the issued

90% of the issued

✅ Correct Option: 4

The SEBI (Disclosure and Investor Protection) Guidelines, 2000 fix minimum subscription at $90\%$ of the issued amount. If applications fall short of this within the prescribed period, the issue fails and the entire application money must be refunded to applicants.

Hence the answer is $90\%$ of the issued amount.

2026: 6 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Subscribed but not fully paid up capital	(I) Shown under "Other Current Liabilities" in Balance Sheet
(B) Calls in Arrears	(II) Shown under "Reserves & Surplus" in Balance Sheet
(C) Calls in Advance	(III) Deducted from Subscribed Capital
(D) Securities Premium	(IV) Share Capital Note Disclosure

Choose the correct answer from the options given below:

2022: 23 Aug Shift 2

Total applications received are for :

2022: 8 Aug Shift 2

Who from the following regularly attends the office of a company?

2022: 15 July Shift 2

The amount transferred to Capital Reserve would be

2026: 13 May Shift 1

Varun Ltd. forfeited 40,000 equity shares of Rs. 100 each for non-payment of first and final call of Rs. 40 per share. The maximum amount of discount per share at which these shares can be re-issued will be :-

2026: 6 June Shift 1

A share of Rs. 100 issued at Rs. 110 on which Rs. 70 (including premium) has been received is forfeited. What is the amount per share that will be transferred to capital reserve if share is reissued at Rs. 70 fully paid-up?

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

Solution

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