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ISSUE OF SHARES. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCISSUE OF SHARES.1 Mark
MCQ
Due to share forfeiture$...............$
  • A
    The company returns the shareholder amount.
  • ✓
    The company does not return the amount paid to the shareholder.
  • C
    There is no change in the paid up share capital.
  • D
    Decrease in official share capital.
✓

Answer

Correct option: B.
The company does not return the amount paid to the shareholder.

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