Company AccountsQ-4 | Introduction to Company AccountsQuestion 4880 of 112
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Detailed Solution & Explanation

Minimum Subscription: Minimum Subscription means the minimum amount of subscription which a company must receive before it can allot securities to the subscribers. According to Section 39(1) of the Companies Act, 2013, no allotment of securities shall be made: (i) unless the amount stated in the prospectus as the minimum amount has been subscribed; (ii) the sum payable on application for such amount has been paid to and received by the company.

About This Chapter: Partnership & Companies

Paper

Paper 1: Accounting

Weightage

15-20%

Key Topics

Admission, Retirement, Death, Shares, Debentures

This chapter covers Admission, Retirement, Death, Shares, Debentures and is part of Paper 1: Accounting in the CA Foundation exam.

View Official ICAI Syllabus

Exam Strategy Tip

This topic carries 15-20% weightage. Focus on understanding core concepts rather than memorizing.

Related Comparison Tables

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More Questions from Company Accounts

Reserve Capital

Cumulative preference shares

Reserve Capital and Capital Reserve carry the same meaning.

As per Table F, the Minimum rate of interest that can be charged on calls- in-Arrear and that can be allowed on calls-in-advance are 10% p.m. and 12% p.m. respectively.

Re-issue of forfeited shares is allotment of shares but not a sale. [May 2018, 2 Marks]

Since company has existence independent of its members, it continues to be in existence despite the death, insolvency or change of members. [Nov. 2019, 2 Marks]; [MTP Jan. 2025]

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