A company is not allowed to rise funds Paid up more capital than its Called up capital A ltd.

Forfeited 450 equity shares of rs10 each on which rs7 2,800 has been paid.The forfeited 2,700shares were re-issued upon payment of rs the maximum share application money 10% of can Nominal be values of share 25%of Nominal values of share Share application account is of theSuspense nature ofaccount a personal account Balance of forfeited shares accounts Capital is transferred redemption to reverse General reverse Redeemable prefernce share cn be out redeemed of revenure profit only out of capital profit only The redeemable preference share section capital which 80 of the is redeemable companies as act sec per ,1956 90the of the provision companies of act ,1956 On the redemption of preference share Fixed from assests the revaluation following account account General which reverse can be account trnsfer capital redemption reserve? Manish ltd, has to redeem Pref,shares of rs2,00,000 for which 60000manish ltd. Has issued 64000 1,400 equity shares of rs 100 each at a premi A ltd decides to redeem 820,12% redeemable Rs80,000 pref. share of rs100 Rs82,000 each at a premium of rs12 pre share out of accumulated profits Because of buy back of share there Called is reduction up value in of the the share shares capital Nominal bought of aback co. value to the of the extent shares of the bought back which of the following is a free reserve debenture in context redemption to buyback reserve ofshare shares forfeiture acount which of the following is a not freeasset reserve revaluation in context reserve to buyback profit of shares and loss account no company shall purchase its own authorised share, unless capital the of buy the back company of total lesspaid than up 25% capital of the_____ of the company every buyback of the share shall be 10 completed month within 11 month bonus shares means such shares which issued are by a newly formed company issued to the director of the company the board of directors has to fix the 40 record days before date and inform the 41 stock days exchange before about the bonus issue atleast Redeemable prefernce share cn be general redeemed reseves only dividend equalisation reserves only sujata limited utilized its general reserves in issuing 36000 378,000 equity shares of Rs. 10 376,000 each as bonus shares at a premium of 5%, what w Bonus shares are issued by a company it has because high net profit ratio it has to attract new invesors after redemption of debentures if profit there is and any loss balance Appropriation in DRR the Capital account same Reserve will be transferred Account to interest received on debenture redemption credited to fund general investment reservewill account credited be to debenture redemption fund account As per Schedule VI to the companies current Act, 1956 Liability unclaimed dividends Contingent is to be Liability shown as Which of the following will appearDirector to the debit feesside of the Profit Interest and Loss on App. Debenture Account A limited proposes divind of 10%, the Rs 2,44,000 called up equity capital of the company is Rs. 244500 25,00,000 and there are calls in arrears to the calims against the company which un is not secured acknowledged loans as debt an are item shown in notes as to balance sheet uncalled amount of partly paid shares current is requied Liability tobe shown under Loan and Advance dividend are usually paid on called up capital issued capital The main difference between the Subscribed is uncalled capital and Called is up call capital in arrears A company can not issue redeembale 10 YEARS prefernece share for a period 20 YEARS exceeding

Authorised capital issued capital Authorised capital 1 2,900 2,600 2,700 1 50%of Nominal values of100 share %of Nominal values of 100 share %of Nominal values 1 of share Nominal account Real account personal account 1 capital reverse Either A or B capital reverse 1 out of proceeds of freshes out equity of proceeds share issue of freshes onlyout equity of proceeds share issue of freshes only 1 and equity profits share available issue only for distribution and profits available of dividend for distrib Sec.70 of the companiesSec.60 act ,1956 of the companies section act ,1956 80 of the companies 1 act ,1956 Profits prior to incorporation Securities Premium accounts General reverse account 1 46000 56000 60000 1 Rs 90,200 Rs 91,840 Rs82,000 1 Market value of the shares None bought of the back above Nominal value of the 1 shares bought back workman's compansation capital fund after redemption meeting reserve liabilities workman's compansation 1 fund after meeting liabilities general reserve dividend equilisation fund asset revaluation reserve 1 total paid up capital and total reserve paid ofup the capital company and free totalreserve paid upof capital the company and 1 free reserve of the company 12 month 8 month 12 month 1 issued to any person or issued issuedas topublic the existing issue share issued holders to the existing1 share holders 42 days before 44 days before 42 days before 1 profit and loss account only all of the above all of the above 1 374,000 380,000 378,000 1 it has to face competition it from has heavy similar accumulated companiesitreserves has heavy and accumulated surplus1 reserves and surplus Dividend Equilisation Fund General Account Reserve accountGeneral Reserve account 1 credited to Profit and Loss Credited App. Account to capital Reserve credited account to debenture 1 redemption fund account Current Assets Provisions current Liability 1 Corporate Dividend Tax Provision for taxation Corporate Dividend Tax 1 250000 243500 243500 1 provisions current Liability an item in notes to balance 1 sheet Share CapitaL Contingent Liability Contingent Liability 1 authorised capital Paid up Capital Paid up Capital 1 is calls in advance is authorized capital is call in arrears 1 15 YEARS 25 YEARS 20 YEARS 1