Question

PUO
(1) Which acts are required to be followed by a company, for issue of shares and other securi
in India ?
(A) Securities Contract Regulation Act 1956 (B) Companies Act 2013
(C) SEBI Act, 1992
(D) All of these

(2) By which document can an invitation be made for public issue?
(A) Memorandum of Association
(B) Prospectus
(C) Articles of Association
(D) Certificate of incorporation

(3) Which allotment of share is void from the very beginning ?
(A) Irregular (B) Illegal
(C) Before public issue(D) Private placemen

(4) Due to forfeiture of shares............
(A) The company refunds the amount paid by the shareholder.
(B) The company does not refund the amount paid by the shareholder.
(C) Paid up share capital does not change.
(D) Authorised share capital reduces.

(5) Minimum gap between two instalments should be ........
(A) 1 month
(B) 2 months
(C) 3 months
(D) 4 months.
..​

Answer 1

Explanation:

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