Corporate Law

Company law is created by

• Special Act of Law

• General Law

• Status if its members

• Agreement between the investers

Interest on calls in arrears according to Table F schedule 1 is charged at

• 12%

• 6%

• 10%

• 15%

The Liability of every shareholder of a company is......

A company cannot issue its shares on..........

Give one difference between calls in arrears and calls in advance

After re- issue of forfeited shares the balance of forfeited shares account is transferred to

• Capital Reserve

• Share Capital Account

• General Reserve Account

state which of the following are true

• coupen rate is a specified interest rate payable on debenture.

• interest on debentures is payable only when company earns profit

Debentureholders are

• owners of the company

• creditors of the company

• customers of the company

The portion of share capital of the company that can be called only at the time of winding up of the company

• Reserve capital

• called up capital

• uncalled capital

Discount on issue of shares is in the nature of ........ loss