Top 50+ Solved Share Capital MCQ Questions Answer
Q. _________ is an aggregate of fully paid share that have been legally consolidated.
a. Share
b. Stock
c. Both a & b
d. None of the above
Q. ________resolution should be passed by the company to offer shares to outsiders
a. Special resolution
b. Ordinary resolution
c. C.G
d. None of the above
Q. Company must pass ________ for reducing its share capital
a. O.R
b. S.R
c. C.G permission
d. None of the above
Q. Court order the company to add _________ after reducing its share capital
a. And reduced
b. Ltd
c. Both a or b
d. None of the above
Q. For reducing its share capital it should give notice to whom?
a. Debtors
b. Creditors
c. Both a & b
d. None of the above
Q. Which of the following can be used for buy back of shares
a. Free reserves
b. Securities premium
c. Proceeds of fresh issue of shares
d. All of the above
Q. Buy back should be less than or equal to _________% of total paid up capital
a. 25
b. 30
c. 35
d. 40
Q. __________companies are permitted to buy back its shares
a. Insolvent
b. Solvent
c. Both a & b
d. None of the above