State, whether the following statements is True or False.In public iss

1.	State, whether the following statements is True or False.In public issue whole amount of share capital is called at once.OptionsTrueFalse
Answer» False Explanation: It is not necessary that the whole amount of share capital, i.e. authorized capital, is called up at once. The part of authorized capital that is issued to the shareholders is called issued capital, whereas the part that remains unissued is called unissued capital. The unissued capital of the company can be issued anytime during the life time of the company.

State, whether the following statements is True or False.In public issue whole amount of share capital is called at once.OptionsTrueFalse

Answer»

False

Explanation: It is not necessary that the whole amount of share capital, i.e. authorized capital, is called up at once. The part of authorized capital that is issued to the shareholders is called issued capital, whereas the part that remains unissued is called unissued capital. The unissued capital of the company can be issued anytime during the life time of the company.

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State, whether the following statements is True or False.In public issue whole amount of share capital is called at once.OptionsTrueFalse

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