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ISSUE OF SHARES. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCISSUE OF SHARES.1 Mark
MCQ
Due to forfeiture of shares $...............$
  • A
    The company refunds the amount paid by the shareholder.
  • ✓
    The company does not refund the amount paid by the shareholder.
  • C
    Paid up share capital does not change.
  • D
    Authorised share capital reduces.
✓

Answer

Correct option: B.
The company does not refund the amount paid by the shareholder.

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