CA Inter Share Capital and Debentures — practice questions
28 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Inter Share Capital and Debentures in the app →The share capital of a company limited by shares is broadly of two kinds: preference share capital and:The class of shares that ordinarily carries voting rights and a residual claim on profits is:Shares that carry a preferential right to a fixed dividend and to repayment of capital on winding up are:Shares issued free of cost to existing shareholders out of accumulated profits or reserves are:An issue of further shares offered first to existing shareholders in proportion to their holdings is a:Shares issued to directors or employees at a discount for providing know-how or value additions are:The purchase by a company of its own shares out of its free reserves or securities premium is called:Buy-back of shares in a year is generally limited to ___ of the total paid-up equity capital and free reservesAfter a buy-back, the ratio of the company's debt to its capital and free reserves must not exceed:A share certificate issued under the common seal is ___ evidence of the title of the member to the shares:A debenture represents a/an ___ of the company and its holder is a creditor:As per the Companies Act, 2013, no company can issue debentures carrying:Preference shares on which unpaid dividends accumulate and are carried forward are called:A company limited by shares cannot issue preference shares that are:Redeemable preference shares must ordinarily be redeemed within a maximum period of:The reserve a company is required to create out of profits for the redemption of debentures is the:Issue of shares at a discount is generally prohibited under Section 53, except in the case of:When shares are issued at a price above their face value, the excess is credited to the:Demands made by a company on shareholders to pay the unpaid amount on their shares are called:The cancellation of shares due to non-payment of calls, after due notice, is known as:Further issue of share capital by a company is dealt with primarily under Section:Equity shares with differential voting rights are a recognised sub-class of:Buy-back of shares is governed primarily by Section ___ of the Companies Act, 2013:Capital that a company has not yet called up from its shareholders is known as:Preference shares that also share in surplus profits beyond the fixed dividend are:A company can issue bonus shares only out of its free reserves, securities premium or:Debentures of a company may be secured by creating a charge on the company's:The portion of authorised capital actually issued to shareholders is the ___ capital: