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Published on: 03/09/2022
QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Commerce Subject - Companies Act, 2013, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Commerce Test1.
What are the details the share certificate contain?
2.
What do you mean by Issue of shares at par?
3.
What is share certificate?
4.
Definition of a share.
5.
Definition of Body corporate.
6.
Define Share Warrant.
7.
What is Private placement?
8.
What is Sweat Equity Shares?
9.
What do you understand by Preference Share?
10.
What do you mean by Equity Share?
11.
Who is called as Promoters?
1.
(i) Company name
(ii) Date of issue
(iii) Details of the member
(iv) Sharesheld
(v) Nominal value
(vi) Paid-up value
(vii) Definite number
2.
(i) Normally shares are issued at their face value or par value (ie) at a price mentioned on the face of share certificate concerned.
(ii) There is no legal restrictions on issuing share at par/face value.
3.
A share certificate is an instrument in writing, that is a legal proof of the ownership of the number of shares stated in it. Every company, limited by shares, whether it is public or private must issue the share certificate to its shareholders except in the case, where shares are held in the dematerialization system.
4.
According to Section 2(84) of the Companies Act, 2013, share means share in the "Share Capital of a company and includes stock except where a distinction between stock and share is expressed or implied"
5.
According to section 2(11) "body corporate" or "corporation" includes a private company, public company, one personal company, small company, Limited Liability Partnerships, a foreign company incorporated outside India, but does not include
(i) a co-operative society registered under any law relating to co-operative societies; and
(ii) any other body corporate (not being a company as defined in this Act)
6.
According to section 45 of the companies Act, 2013 each share of the share capital of the company shall be distinguished with a distant number for its individual identification. However, such distinction shall not be required, if the shares are held by a person whose name is entered as holder of beneficial internet as per the records of a company.
7.
Private placement means offer of securities or invitation to subscribe to securities to a select group of persons through a private placement offer letter.
8.
Sweat Equity shares means issue of shares to employees or directors at a lower price for cash or other than cash.
9.
The term 'preference shares' means that part of the share capital the holders of which have a preferential right over payment of dividend (fixed amount or rate) and repayment of share capital in the event of winding up of the company.
10.
Those shares which are not called as preference share are known as Equity share or the share of a company which do not have any preferential rights with regard to dividend and repayment of share capital at the time of liquidation of a company.
11.
The person who envisages the idea is called a 'promoter'.
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Tamilnadu Stateboard 12th Standard Subjects

Maths

Chemistry

Physics

Biology

Computer Science

Business Maths and Statistics

Economics

Commerce

Accountancy

History

Computer Applications

Biology

Computer Technology

Computer Applications

Computer Science

Business Maths and Statistics

Commerce

Economics

Maths

Chemistry

Physics

Computer Technology

History

Accountancy

Tamil

English

French
Tamilnadu Stateboard Standards