At the time of forfeiture of shares, the company

____________is available only for the creditors on winding up of the company

When the directors opt to make a proportionate allotment to all applicants, the excess application money received is normally adjusted towards the amount due on allotment. In case, the excess application money received is more than the amount due on allotment of shares, such excess amount may either be:

From the following, which is not a feature of a company?

Table F of the Companies Act provides for the payment of interest on calls in advance at a rate not exceeding:

Part of the subscribed capital which has been called up on the shares, i.e., what the company has asked the shareholders to pay is known as ……….

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: