What must the Tribunal-approved minute show for each share?
AAmount deemed paid-up on it
BName of its allottee
CDividend paid last year
DBrokerage on its issue
Answer & Solution
Correct answer: A. Amount deemed paid-up on it
The minute filed under Section 66(5) states the amount, if any, deemed to be paid-up on each share.
Keep practising Internal Reconstruction Sections
Browse all Internal Reconstruction Sections questions for CA Inter, or explore more Accounting topics.
Related questions
In accounting, share capital equals the nominal value ofIn debt restructuring, obligations are typically spread overMalaysia's scheme of arrangement provision is in which section of its 2016 Act?UK schemes of arrangement are found in which Part of the Companies Act 2006?Canada's plan of arrangement: section 192 of which Act?Australian schemes of arrangement are located in which Act?A court-approved agreement between a company and its shareholders or creditors is aProvision for dissenting members under a merger order is made by the