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Arrange the following categories of share capital of a company in the correct order.<br>1. Paid-up capital<br>2. Issued capital<br>3. Called-up capital<br>4. Subscribed share capital
A
2, 4, 3, 1
B
1, 2, 3, 4
C
3, 2, 4, 1
D
3, 2, 1, 4
Correct Answer:
2, 4, 3, 1
The face value of a company share is Rs. 1000 per share. The company issued it at Rs. 150 per share. Mareket price of these shares is Rs. 200 per share at present. company declaired 20% dividend on these share. The amount of dividend per share will be
A
Rs. 40
B
Rs. 30
C
Rs. 20
D
Rs. 10
A company issued 1,00,000 equity shares of the face value of Rs. 100 each at Rs. 100 per share. So far Rs. 75 per share has been called up including Rs. 25 on allotment and Rs. 25 on first call. X to whom 200 shares were issued failed to pay the first call. His shares were forfeited and re-issued to Y at Rs. 70 per share as fully paid-up. The amount to be transferred to Capital Reserve a/c would be:
A
Rs. 4,000
B
Rs. 6,000
C
Rs. 8,000
D
Rs. 10,000
Which of the following statements are true in context of a company under Company Act, 2013?
1. It is compulsory for every company to have its own Article of Association.
2. A public company having share capital can start business right from the date of its incorporation.
3. A private company having share capital can start business right from the date of its incorporation.
A
1 and 2
B
2 and 3
C
1 and 3
D
1, 2 and 3
A company forfeited 30 share of Rs. 10 each for non-payment of allotment Rs. 3 share and call money Rs. 4 per share. The company re issued these shares as fully paid-up shares at the rate of Rs. 8 per share. Amount transferred to capital reserve will be
A
Rs. 300
B
Rs. 60
C
Rs. 90
D
Rs. 30
Arrange the following steps of 'adjustment of old partners' capital on the basis of incoming partner's capital in a correct order.
1. Ascertain the present capital of the old partners.
2. Calculation of total capital of firm on the basis of new partner's capital.
3. Finding the surplus/deficit capital.
4. Determining the new capital of each partner.
Select the correct answer:
A
2, 4, 1, 3
B
3, 2, 1, 4
C
4, 3, 2, 1
D
1, 4, 2, 3
A limited company forfeited 100 share (fully called-up) for non-payment of Rs. 4 per share. Out of these 50 share were re-issued at Rs. 8 per share. What will be amount transferred to capital reserve
A
Rs. 800
B
Rs. 200
C
Rs. 250
D
Rs. 100
Under Section 95 of the Code of Criminal Procedure, 1973, certain publications can be forfeited and search warrant can be issued for the same. In this context, which of the following is/are the correct legal proposition?
1. A news paper cannot be forfeited and search warrant cannot be issued for the same as it would be violative of the fundamental right of speech and expression
2. A book can be forfeited and search warrant can be issued for the same
3. A document can be forfeited and search warrant can be issued for the same
Select the correct answer:
A
1 only
B
2 only
C
2 and 3 only
D
1, 2 and 3
As per the SEBI regulation, a minimum of . . . . . . . .% of the issued capital must be subscribed in order to validate a public share issue, failing of which, the issue may be cancelled and may be reissed on a future date.
A
75
B
80
C
85
D
90
E
95
Which of the following statements are true in context of a company under Company Act, 2013?
1. A member of a company must be a shareholder of a company.
2. Proxies are not to be included while counting the quorum of a meeting of a company.
3. The maximum number of directors in a public as well as private company is 15.
4. In case of a private company, there is no restriction to transfer the shares.
A
1, 2 and 3
B
2 and 3
C
1 and 3
D
1, 2, 3 and 4
There are three categories of jobs A, B and C. The average salary of the student who got the job of A and B categories is 26 lakh per annum. The average salary of the students who got the job of B and C category is 44 lakh per annum and the average salary of those students who got the job of A and C categories is 34 lakh per annum. The most appropriate (or closet) range of average salary of all the three categories (if it is known that each student gets only one category of jobs i.e. , A, B and C):
A
lies between 30 and 44
B
lies between 28 and 34
C
lies between 34 and 44
D
lies between 27 and 44
E
None of these