We provide complete coaching for Commerece and Arts stream from Class 12 to Master Degree level. Dec 24,2020 - Test: Issue, Forfeiture And Reissue Of Shares - 3 | 40 Questions MCQ Test has questions of CA Foundation preparation. 4. Kumar Nirmal Prasad is the founder and CEO of Dynamic tutorials and Services. Premium payable on buy back is adjusted out of: 14. Stockholders' equity. Indicate the Correct Answers: 1. Home MCQ on Issue of Shares MCQ on Issue of Share and Share Capital (2020) MCQ on Issue of Share and Share Capital (2020) Kumar Nirmal Prasad 7:07 pm. Management Accounting Multiple Choice Questions and Answers (MCQs) For B.Com / BBA / MBA / CMA / CA / CS examination In this exclusive... 1. From the information given below calculated the equity About Kumar Nirmal Prasad Follow me on YouTube - Dynamic Tutorials and Services, B.COM 2ND AND 4TH SEM E-BOOK: NOW YOU CAN PAY AND DOWNLOAD EBOOK FOR 6TH SEM, B.COM 3RD SEM (HONS & NON-HONS) NEW SYLLABUS UNDER CBCS PATTERN, B.COM 1ST SEM (HONS & NON-HONS) NEW SYLLABUS UNDER CBCS PATTERN, FOLLOW OUR YOUTUBE CHANNLE FOR LATEST VIDEOS AND IMPORTANT QUESTIONS, DYNAMIC TUTORIALS AND SERVICES MOBILE APP NOW AVAILABLE IN GOOGLE PLAY STORE, OUR WEBSITE FOR ENGLISH AND ALTERNATIVE ENGLISH NOTES AND SOLVED PAPERS, Auditing Multiple Choice Questions and Answers | Auditing MCQ For CA, CS and CMA Exams | Principle of Auditing MCQs, Corporate Accounting Multiple Choice Questions and Answers for Upcoming Exam | Company Accounts MCQs, MCQ - Business Economics | Managerial Economics Multiple Choice Questions | Business Economics Quiz, Ratio Analysis MCQs | Multiple Choice Questions and Answers | Accounting Ratio MCQs, MCQ - Hire Purchase and Instalment Purchase System | Multiple Choice Questions and Answers | PAPER 5 FINANCIAL ACCOUNTING | CMA MCQ, MCQ - Internal Reconstruction and Capital Reduction | Multiple Choice Questions and Answers | Company Accounts | Corporate Accounts | CMA MCQ, MCQ - Accounts of Holding Companies | Multiple Choice Questions and Answers | Company Accounts | Corporate Accounts | CMA MCQ, Management Accounting MCQs | Multiple Choice Questions and Answers | Chapterwise MCQs, HS 11 Business Studies Solved Question Paper, HS 11 Environmental Education Solved Question Paper, HS 12 Business Studies Solved Question Papers, AHSEC Class 12: Accountancy Solved Question Papers' 2016 | AHSEC | SOLVED QUESTION PAPERS, Difference between Equity Shares and Preference Shares | Equity Shares vs Preference Shares, AHSEC Class 12: Accountancy Solved Question Papers' 2015 | AHSEC | SOLVED QUESTION PAPERS, Business Economics: Meaning, Nature, Scope and Objectives | Managerial Economics Nature and Scope, AHSEC Class 12: Accountancy Solved Question Papers' 2017 | AHSEC | SOLVED QUESTION PAPERS. The Sources of funds for buy-back of shares or other specified securities of a company are: ADVERTISEMENTS: (a) Free reserves or (b) Securities premium account or (c) The proceeds of issue of any shares or other specified securities. No special resolution is necessary if buyback is or less than ten percent of the paid up capital and free reserves. It is nice. The final call of Rs 2 per share has not been made. Buy-back of shares means the purchase by the company of its own shares. 12. The market value of the stock is:_____? sum equal to nominal value of the shares so bought back is transferred to: 13. 6. At what price did he buy the shares? Powered by. 75 C. Rs. MCQ ON ISSUE OF SHARES (REVISED UPTO DATE) 1. Expressing its views on clarification sought by IT giant Infosys, Sebi said that buyback regulation restricts further issue of capital for a period of one year from the expiry of the share repurchase programme period, except in discharge of its subsisting obligations. 912 C. 1012 D. 1112 Read More Details about this Mcq. 11. All of the above mentioned statements are correct. Half the forfeited shares were re-issued at Rs 1,000 fully paid. From the information given below calculated the equity share for buy back: Debt equity ratio (after buy back) = Debt / Equity (must be 2:1 after buy back), => 2 = (2500000. Also we have statrted coaching for various competitive exams like RBB, SSC, UGC - NET, State Level Competitive Exams. shares of the same kind. Declaration of solvency is required to be submitted to For cancellation of shares at the time of buy back: 13. 16,000 crore at Rs. Companies may buy back its own shares as protection against unfriendly takeovers from others companies. The intention behind introduction of Sec. ANSWER: Concept of Buy-Back of Shares. paid up equity capital. It acts as an excellent tool for financial re-engineering. MCQ of Buy back of Shares, As per section 77A (1) of the companies act,1956, a company can buy back its own shares out of Buy back must be authorised by its articles. Companies buy back shares on the open market over an extended period of time and may even have an outlined share repurchase program that purchases shares at ⦠7 members. b) the book value of the firm's assets less the book value of its liabilities c) the amount of salary paid to its employees. Reply. Which of the following statement is false: 4. The Companies Amendment Act, 1999 introduced the concept of buy-back of shares. )/equity (After buy back), Amount of equity available for buy back = Equity before buy A company can not buy back its shares: 11. + 1100000 creditors)/equity (After buy back), Amount of equity available for buy back = Equity before buy back – Equity after buy back, Amount of buy back permissible = 25% of equity capital and free reserves or amount available for buy back (Lower), AUDITING MCQS MULTIPLE CHOICE QUESTIONS AND ANSWERS (CMA MCQ) FOR B.COM/CA/CS/CMA EXAM. What are the accounting entries? Qasim Amjad . The company has agreed to buy these shares back at a premium of 0.30p. As per SEBI Guideline, Buy-back offer shall remain open for not less than 15 days and not more than 30 days. NATURE AND SCOPE OF BUSINESS ECONOMICS Meaning of Business Economics / Managerial Economics Business Economics also known as Manag... AHSEC SOLVED QUESTION PAPERS 2017 (ACCOUNTANCY) Full Marks: 100 Pass Marks: 30, Time: Three Hours 1. 9. Reply. 0. ⢠The buy-back of equity shares in any financial year shall not exceed twenty-five per cent of its total paid-up equity capital in that financial year. This is second time the global software major resorted to buy back its shares after it bought 5.61 crore shares in April 2017 for Rs. And has agreed a price of £12,000 situation, a statement or diagram of the same kind shall! Than 15 days and not More than twice the capital and free after. Necessary if buyback is considered as the quickest method for reduction of share capital shares ( UPTO... Return of buy-back of equity shares is just the opposite of issue shares... Notified1 final rules2 for buy-back of shares after buy back is adjusted out of fress issue of same of. Has to be determined by shareholders through a special resolution is necessary if buyback or! 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