Top 50+ Solved Share Capital MCQ Questions Answer
Q. A company must inform the registrar about redemption of preference shares with in
a. 21 days
b. 15 days
c. 30 days
d. None of the above
Q. Share premium amount is treated as the __________ capital of a company
a. issued
b. Reserve
c. Subscribe
d. None of the above
Q. A company can create ‘reserve capital’ by passing__________
a. an ordinary resolution
b. a special resolution
c. a board resolution
d. None of the above
Q. The capital which is part of the uncalled capital of the company which can be called uponly in the event of its winding up it is called
a. Issued capital
b. Nominal capital
c. Authorised Capital
d. Reserve capital
Q. XYZ Co. is a holding of XZ Pvt. Company. XZ Co. issued deferred shares. The issue isvalid or void
a. Valid
b. Void
c. Situation does not arise
d. None of these
Q. What is the maximum period for redemption in case of preference shares issued by thecompany?
a. 10 years
b. 15 years
c. 20 years
d. None of these
Q. Capital redemption reserve must be used for issue of
a. Fully paid bonus shares
b. Fully paid equity shares
c. Preference shares
d. None of the above.
Q. Part of the issued capital taken by public is called ___________
a. Subscribed
b. Called - up capital
c. Un called capital
d. Paid up capital
Q. Part of authorized capital which is offered by the company for subscription.
a. Subscribed
b. Issued
c. Un called
d. called up
Q. Stamp duty on registration of the company is payable based on _________capital.
a. Nominal
b. Authorised
c. Both a & b
d. None
Q. Deferred shares are also known as ____________ shares
a. Founders
b. Equity
c. Preference
d. None
Q. _________ Preference shares carry the right to cumulate the dividends
a. Converted
b. Cumulative
c. Nonconverted
d. None
Q. Premium amount on the securities are transferred to ________account
a. Securities premium
b. Reserve fund
c. Capital Reserve
d. None
Q. ____are the shares issued by the company to it employees or directors for considerationother than cash
a. Bonus
b. Sweat
c. Right
d. None of the above