Level 1: CA Inter Law – Part I – Chapter 4 – Share capital and debentures MCQs Set I

the provision with respect to share and share capital is contained u/s ________

The term “share” is defined u/s _____________.

Share includes

A share is a _____________ unit into which the share capital of a company is divided.

Such capital as is authorized by MOA of a company, to be the maximum amount of share capital, is known as _________

Maximum capital that can be issued by a company during its lifetime is known as –

Amount of authorised capital shall be stated in which clause of MOA?

Authorise capital is also known as –

At the time of registration of the company, the company has to pay fees to CG, calculated ___________

At the time of increasing the authorised share capital, the company has to pay fees to CG, which shall be calculated as –

Issued capital includes capital issued by way of –

Part of authorised capital, for time being issued by the company, is known as __________

Part of issued capital, for time being subscribed by the company, is known as _______________

Part of the capital, which has been called for payment is known as _________________.

Part of called up capital, which has been paid by members. Is known as __________.

______can be calculated by deducting calls in arrears from the called-up capital?

As per section 43, share capital must be of how many types?

Preference share capital means the capital which carries preferential right with respect to

No provision is required in the article to issue shares at a premium. This statement is ______

Amount of premium shall be transferred to which account?

Securities premium account can be used for ________

Securities premium account can be used for ________i.             Issuing fully paid bonus shares ii.           Writing of preliminary exp iii.          Premium on redemption of pref. shares or debenturesiv.          Buy back of shares v.            Writing of expenses on issue of securities

Provision of which section applies to issue of shares by premium?

Prohibition for issue of shares at discount is given u/s ______

An issue of shares at a discount is ___________

If company issues share at a discount, then company and every officer in default shall be liable for penalty upto ___________.

Which of the following is correct?

Company can issue shares at discount in case of ______________

Definition of sweat eq. shares is given u/s

Shares which are issued to its directors or employees as a reward for their contribution and efforts towards the creation of intellectual property rights, is known as _____________.

Choose incorrect option from below:

Issue of sweat equity shares must be authorised by passing ____________.

SR passed by the company, at the time of issuing sweat equity shares shall specify –             i.        Number of shares            ii.        Current market price           iii.        Consideration, if any           iv.        Class of directors or employees to whom sweat eq shares are to be issued

Listed company shall comply with rules and regulations made by ___________, at the time of issuing sweat equity shares

Unlisted company shall comply with rules and regulations made by ___________, at the time of issuing sweat equity shares

The holder of sweat equity shares shall rank _____________ with holder of other equity share holder.

Rights, limitations, restrictions as applicable to ______ shall be apply to sweat equity shares

Provision of section 54 shall apply notwithstanding anything contained in Section _______

The meaning of “employees” in respect of sweat equity shares is?i.             A permanent employee of the company who has been working in India or outside India ii.           A director of the company, whether a whole-time director or not iii.          An employee or director as defined in (i) or (ii) above of a subsidiary company, in India or outside India, or of a holding company of the company

SR passed for issue of sweat equity shares shall be valid for the period of _____________.

Lock-in-period in issue of sweat equity shares shall be of period of ______________.

Lock-in-period in issue of sweat equity shares shall be stamped in bold or mentioned in any other prominent manner on the ___________-

The company shall not issue sweat equity shares for more than

At any time, sweat equity shares shall not exceed _____________ of the paid up equity share capital

A start-up company can issue sweat equity shares not exceeding ___________ of the paid-up share capital

A start-up company can issue sweat equity shares not exceeding 50% of the paid up share capital for a period of?

Can company issue irredeemable preference shares?

The term of preference shares shall not exceed ________________

The term of preference shares may exceed 20 years if –i.             Issued for infrastructure project ii.           Company shall redeem, at the option of such pref shareholder, on an annual basis, such percentage of pref shares as may be prescribed.

Company can issue preference shares, only if it is authorised by___?

Choose correct option from below –

preference shares can be redeemed out of –