(a) Profit (b) Loss (a)No Profit-No Loss (a) nil 5. Latest Reconstruction of companies MCQ Objective Questions Top Reconstruction of companies MCQ Objective Questions Exam Preparation Simplified Learn, practice, analyse and improve Get Started for Free Download App Trusted by 3.9 Crore+ Students Related MCQ Merger& Amalgamation MCQ Exams TNPSC Group 1 TNPSC Group 2 RRB Group D RRB NTPC . GUD}%DQO}$m|@}L*#{`g5fd4"b~d|{\?1>c:-G $}gKYVAAy)>uvH/4SPHl"@@9HI,+XP f!M7fNG/_M=,(\q #d5*-1Kv 1,G( 4^:SiOfuN7"z~7~D`K773QspCMcJ|H"#6 r+i7.eW>Q3 sT 2g3O\b ^_T_ET_[JD=+x[oct;GYO|T-"['SRt~"7f 18. HT=s0+8xDmC?AX9jbN:w)Pgj!V-[._ KDaTJj1~' If the creditors are willing to reduce their claims against the company, (hen the amount of reduction in their claim will be transferred to, 10. Consent of creditors is required if capital reduction involves diminution of liability regarding uncalled capital or return of paid up capital. In which of the following cases, procedure of reduction of capital is not called for: 11. After the implementation of the scheme of internal reconstruction , any surplus in capital reduction A/C is transferred to : Reduction of share capital is possible by the company, if it is authorized by its: MCQs for Related Topics Zeitgeist- Reading on Contemporary Culture . 0000008674 00000 n c) Super Profit. Copyright 2023 McqMate. 100 each, subdivided the shares into 50000 shares of Rs. 10 each. trailer The cancellation of contingent liability is____ for company. 0000003418 00000 n We would like to show you a description here but the site won't allow us. The term Internal Reconstruction means: 7. 5 fully paid. Cancellation of unissued capital is also a case of capital reduction. <<0ABB1FF79DCA334A925490CD6BFFDF14>]>> Internal reconstruction is a slow and tedious process since it required the approval of : After the implementation of the scheme of internal reconstruction , any surplus in capital reduction A/C is transferred to : After the implementation of scheme of internal reconstruction, any amount left in the capital reduction A/C will be transfer to: Any loss on revaluation of the assets at the time of internal reconstruction, will be charged from. Attend Live Classes using Any Device be it Phone, Tablet or Computer, 5th Floor, North Wing, SJR
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