For one person company, Rule 3 of the Companies (Incorporation) Rules, 2014 provides that its average annual turnover of three years does not exceed ..................

Calls in Arrears represent :

(A) The debit balance of allotment or all the calls account.

(B) The credit balance of allotment or all the calls account.

(C) Shareholders failed to pay amount due on allotment or on any of the calls, on due date.

(D) Such amount shall appear as Current Asset.

Choose the correct answer from the options given below:

Discount allowed on re-issue of forfeited shares, will be:-

A company purchase its own shares of Rs 5,00,000 from the market. What this process is called ?

Securities Premium Reserve as per section 52(2) of the companies Act 2013 can be used :

(A) To write-off preliminary expenses of the company

(B) To issue fully paid bonus shares to the extent not exceeding unissued share capital of the company

(C) To pay premium on the redemption of preference shares or debentures

(D) To write off discount allowed on the goods sold on credit

Choose the correct answer from the options given below :

Which statements among the following are CORRECT?

(A) A public company's shares are generally transferable.

(B) Share application account is a personal account.

(C) The director of a company may be a shareholder.

(D) Paid up capital can exceed called up capital.

Choose the correct answer from the options given below:

Rabi Ltd. purchased building from Tiwari Ltd. for Rs. 6,40,000 out of which Rs. 40,000 is paid immediately and the balance is to be paid by the issue of shares of Rs. 100 each at a premium of 20%. How many shares will be issued ?