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Issue of Shares at Premium

Maximum limit...

Question

Maximum limit of Premium on shares is?

A

5%

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B

10%

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C

No limit

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D

100%

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Solution

The correct option is C
No limit

Maximum limit of Premium on shares is - No limit.

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Similar questions

Q. A limited company offered for subscription of 1,00,000 equity shares of Rs.10 each at a premium of Rs. 2 per share. 2,00,000 : 10% Preference shares of Rs. 10 each at par. The amount on share was payable as under

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Pass entries in company's journal

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