Exam 15: Formation and Capital Structure of Public Companies

Authorised capital is called as……………

The rate of discount should not exceed ……………. Of nominal vale of shares.

The rate of interest on Calls in arrears as per Companies Act is …………

Share application account is a ………..

The share capital account is debited with …………while forfeiting shares

The security premium account is shown in the balance sheet under the head……….

On an equity share of Rs. 20, the company has called up Rs. 16 but Rs.14 has been received by the company, the share capital account should be credited by ……

IPO stands for ………………

The shares firstly offered to the existing shareholders are called as ………….

The minimum application money to be paid by an applicant must not be less than …… as per Companies Act.

A newly established company cannot issue shares at ……

The shares of a company can be issued at …………..

The excess price received on the par value of shares should be credited to ………….

. …………..shares are repayable after the expiry of the fixed period or at the option of the company.

………..should be deducted from the share capital to determine the paid up capital.

In …... the company offers the investors an opportunity to bid collectively.

The rate of discount on shares cannot exceed ……….

. ……….is the first stage in the formation of a public company

The profit on reissue of forfeited shares is transferred to ………

. …………..is that portion of capital which is called up only on winding up of the company.