Top 50+ Solved Calls and Forfeiture,Surrender of Shares MCQ Questions Answer
From 1 to 9 of 9
Q. Company to accept calls in advance from shareholders they should have permission in
a. MOA
b. AOA
c. BOD
d. None of these
Q. Name of the member is struck off from the register in case of ________
a. Issue of share certificate
b. Share warrant
c. Forfeiture
d. None of the above
Q. _________Days be given for payment of call money from the date of service of notice
a. 14
b. 13
c. 12
d. 11
Q. _________ arises in respect of debt due on shares as well as on other transactions.
a. Forfeiture
b. Lien
c. Both (a) & (b)
d. None of the above
Q. Return of partly paid shares by the shareholders to the company is _______
a. Surrender
b. Forfeiture
c. Lien
d. None of the above
Q. No consideration shall be paid by the company in exchange of __________ shares
a. Lien
b. Forfeited
c. Surrender
d. None of the above
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