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Business Studies

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Minimum subsc...

Question

Minimum subscription is guaranteed by the ___________.

A

promoters

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B

directors

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C

underwriters

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D

none of these

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Solution

The correct option is C underwriters
An underwriter can be a bank or another financial institution that pledges to buy all the unsold shares in an issue of new shares with a certain minimum subscription.

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Q. Minimum subscription required by a company is ________.

Q. A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of ₹ 30,000 during 2017-18. Distribute profit among A, B and C if:
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(b) Minimum profit payable to C amounting to ₹ 6,000 is guaranteed by A.
(c) Guaranteed minimum profit of ₹ 6,000 payable to C is guaranteed by B.
(d) Any deficiency after making payment of guaranteed ₹ 6,000 will be borne by A and B in the ratio of 3 : 1.

Q. A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of ₹ 30,000 during the year ended 31st March, 2019. Distribute profit among A, B and C if:
(a) C's share of profit is guaranteed to be ₹ 6,000 Minimum.
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State the following statement is True or False:

Minimum subscription is guaranteed by the directors.

Q. A company must collect minimum subscription amount within ________ days.

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