Internal Reconstruction MCQ (Free) | Capital Reduction
Internal Reconstruction MCQ
1. The reduction of capital is permitted under _____________ of Companies Act.
a) 77
b) 100
c) 66
d) 75
2. The Capital reduction means reduction in ____________ value of shares.
a) authorized capital
b) Called up capital
c) Uncalled capital
d) paid–up value
3. The Sub – division of shares does not result in ___________ of capital.
a) reduction
b) added
c) Compromise
d) none of the above
4. The Shareholders can surrender shares for ________ or ____________ .
a) re-issue, cancellation
b)Fresh Issue, Redemption
c) none of the above
5. The internal reconstruction results in proper valuation of _________ and __________ of companies.
a) Profit & Loss Account
b) reserve & surplus
c) assets and liabilities
d) none of the above
6. The scheme of internal reconstruction requires approval of ____________ .
a) Shareholders
b) Central Government
c) NCLT
d) all the above
7. __________ resolution is to be passed by shareholders for approval of scheme of reconstruction.
a) ordinary
b) Special
c) both a & b
d) none of the above
8. The fictitious debit balances are to be transferred to ___________ Account.
a) internal reconstruction
b) security premium
c) share capital
d) Capital Reduction
9. The difference in revaluation of assets is to be transferred to ___________ Account.
a) internal reconstruction
b) Capital Reduction
c) security primium
d) capital reserve
10. A scheme of __________ or __________ mean the scheme having same effect.
a) capital reduction or internal reconstruction
b) Capital Reduction or External reconstruction
c) none of the above
| Answers: 1)66 2)paid–up value 3)reduction 4)re-issue, cancellation 5)assets and liabilities 6)NCLT 7)Special 8)Capital Reduction 9)Capital Reduction 10)capital reduction or internal reconstruction |
