{"id":45635,"date":"2024-04-15T22:00:49","date_gmt":"2024-04-15T22:00:49","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=45635"},"modified":"2024-04-15T22:00:49","modified_gmt":"2024-04-15T22:00:49","slug":"if-a-share-of-rs-10-on-which-an-amount-of-rs-6-has-been-paid-is-forfeited-it-can-be-reissued-at-minimum-price-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/if-a-share-of-rs-10-on-which-an-amount-of-rs-6-has-been-paid-is-forfeited-it-can-be-reissued-at-minimum-price-of\/","title":{"rendered":"If a share of Rs. 10, on which an amount of Rs. 6 has been paid, is forfeited. It can be reissued at minimum price of"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 10&#8243; option2=&#8221;Rs. 6&#8243; option3=&#8221;Rs. 4&#8243; option4=&#8221;None of these&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>A. Rs. 10<\/strong><\/p>\n<p>A share of Rs. 10, on which an amount of Rs. 6 has been paid, is forfeited. It can be reissued at minimum price of Rs. 10.<\/p>\n<p>The Companies Act, 2013, Section 58(2) states that &#8220;Where a share is forfeited, the company may, after giving such notice as may be prescribed, reissue the same at such price, not being less than the face value of the share, as the company may think fit.&#8221;<\/p>\n<p>Therefore, the minimum price at which the share can be reissued is Rs. 10.<\/p>\n<p>Option B is incorrect because the minimum price at which the share can be reissued is Rs. 10, not Rs. 6.<\/p>\n<p>Option C is incorrect because the minimum price at which the share can be reissued is Rs. 10, not Rs. 4.<\/p>\n<p>Option D is incorrect because the minimum price at which the share can be reissued is Rs. 10.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 10&#8243; option2=&#8221;Rs. 6&#8243; option3=&#8221;Rs. 4&#8243; option4=&#8221;None of these&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-45635","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>If a share of Rs. 10, on which an amount of Rs. 6 has been paid, is forfeited. 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It can be reissued at minimum price of","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/if-a-share-of-rs-10-on-which-an-amount-of-rs-6-has-been-paid-is-forfeited-it-can-be-reissued-at-minimum-price-of\/","og_locale":"en_US","og_type":"article","og_title":"If a share of Rs. 10, on which an amount of Rs. 6 has been paid, is forfeited. 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