Company Accounts

Share Capital

Easy

common

Who are entitled to share the distributable profits of the company after satisfying the dividend rights of the preference shareholders?

Debenture holders

Bond holders

Equity shareholders

Any policy holders

✅ Correct Option: 3

Debenture holders and bond holders are creditors of the company; they receive fixed interest as a charge against profit, not a share of profit. Policy holders have no claim at all on company profits.

Preference shareholders enjoy a prior fixed dividend. Whatever distributable profit remains after that belongs to the residual owners of the company, the equity shareholders.

2026: 20 May Shift 1

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

2025: 30 May Shift 1

Rahul Limited purchased a building from Handa Limited for Rs.5,40,000 and the payment is to be made by the issue of shares of Rs.100 each. What will the number of shares to be issued when shares issued at a premium of 20%?

2024

Oversubscription is a situation where the

2025: 29 May Shift 2

In case of over subscription, the directors may

(A). Accept some applications in full and reject excessive applications.

(B). They can make pro-rata allotment to all.

(C). They can adopt a combination of the above two alternatives.

(D). They can make preferential allotment to some applicants.

2026: 21 May Shift 2

At the time of forfeiture of shares, the company

2025: 30 May Shift 2

Select the INCORRECT statement from the below given statements:-

Who are entitled to share the distributable profits of the company after satisfying the dividend rights of the preference shareholders?

Solution

Related questions:

Keyboard Shortcuts

CUET Accountancy Past Year Questions (Topic-Wise)