alleryStart learning →Shares shown as allotted for cash. Under s.143(1)(f), what is verified?
AWhether premium was fixed
BWhether shares were listed
CWhether a broker acted
DWhether cash was received
Answer & Solution
Correct answer: D. Whether cash was received
Clause (f) requires checking whether cash was actually received for shares stated to be allotted for cash, and if not, whether the accounts remain correct and not misleading.
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