Company can issue its shares to public:

A. For cash

B. Either at par or at a premium

C. For consideration other than cash

D. At discount

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

Match List - I with List - II.

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There are instances when applications for more shares of a company are received than the number offered to the public for subscription. In such a condition, what are the alternatives available to the directors to deal with the situation?

(A) They can accept some applications in full and totally reject the others.

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

(C) They can adopt a combination-accept some applications in full, pro-rata allotment to some and totally reject the remaining.

(D) They can totally reject all applications and come up with fresh issue.

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The balance of the Share Forfeiture Account will be shown in the Balance Sheet of the Company, under the head of :

In a Journal Entry of Forfeiture of Shares, Securities Premium Account may be debited, when :-

The shares are reissued at