,Q.1) A share of ₹10 each, issued at ₹4 premium out of which ₹7 (including ₹1 premium) was called up and
paid up. The uncalled Capital will be_____.
a) ₹7 per share
b) ₹4 per share
c) ₹8 per share
d) ₹3 per share 2022-23 Sample Paper
,Q.2) Attire Ltd, issued a prospectus inviting applications for 12,000 shares of ₹10 each payable ₹3 on
application, ₹5 on allotment and balance on call. Public had applied for certain number of shares and
application money was received. Which of the following application money, if received restricts the company
to proceed with the allotment of shares, as per SEBI guidelines?
a) ₹36,000
b) ₹45,000
c) ₹30,000
d) ₹32,400 2022-23 Sample Paper
, Q.3) If 10,000 shares of ₹10 each were forfeited for non-payment of final call money of ₹3 per share and only
7,000 shares were re-issued @₹11 per share as fully paid up, then what is the amount of maximum possible
discount that company can allow at the time of re-issue of the remaining 3,000 shares?
a) ₹28,000
b) ₹21,000
c) ₹9,000
d) ₹16,000 2022-23 Sample Paper
paid up. The uncalled Capital will be_____.
a) ₹7 per share
b) ₹4 per share
c) ₹8 per share
d) ₹3 per share 2022-23 Sample Paper
,Q.2) Attire Ltd, issued a prospectus inviting applications for 12,000 shares of ₹10 each payable ₹3 on
application, ₹5 on allotment and balance on call. Public had applied for certain number of shares and
application money was received. Which of the following application money, if received restricts the company
to proceed with the allotment of shares, as per SEBI guidelines?
a) ₹36,000
b) ₹45,000
c) ₹30,000
d) ₹32,400 2022-23 Sample Paper
, Q.3) If 10,000 shares of ₹10 each were forfeited for non-payment of final call money of ₹3 per share and only
7,000 shares were re-issued @₹11 per share as fully paid up, then what is the amount of maximum possible
discount that company can allow at the time of re-issue of the remaining 3,000 shares?
a) ₹28,000
b) ₹21,000
c) ₹9,000
d) ₹16,000 2022-23 Sample Paper
