📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    The share capital of a company limited by shares shall

    be of two kinds________________________
    A Equity shares Correct Answer Incorrect Answer
    B Preference shares Correct Answer Incorrect Answer
    C Sweat Equity shares Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer

    Solution

    Explanation: Section 43. Kinds of share capital: The share capital of a company  limited by shares shall be of two kinds, namely:— (a) equity share capital— (i) with  voting right ; or (ii) with differential rights as to dividend, voting or otherwise in accordance with such rules as may be prescribed; and (b) preference share capital.

    Practice Next
    More Section test Accounts Questions

    Relevant for Exams:

    ask-question