Name of the following:
(a) The person who promotes a business.
(b) The document containing the bylaws of a company.
(c) The documents inviting subscriptions for shares and debentures.
(d) The amount of money which must be raised before allotment of share.

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Solution

(a) Promoter
(b) Memorandum of association
(c) Prospectus
(d) Application money.

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Similar questions

Name the document which invites the public for share subscription of a company.

Q. A company invited applications for 75,000 equity shares of ₹ 100 each. The application money received @ ₹ 30 per share was ₹ 27,00,000. Name the kind of subscription. List the three alternatives for allotting these shares.

Q. Name the document which invites the general public to subscribe to the shares and debentures of the company.

Q. According to SEBI guideline a company must receive a minimum of _______% subscription before making any allotment of shares to the public.

PRACTICAL PROBLEMS

(Over subscription- Some over application refunded and rest used for allotment)

ONGC Ltd. invited applications for 25,000 shares of Rs 100 each payable as under-

On Application Rs 20		On Allotment	Rs 40
On First Call Rs 25, and		On Final Call	Rs 15

Public applied for 40,000 shares, out of which 10,000 shares were rejected and money on 5,000 shares was diverted to share allotment. All the allotment and calls money was received.
Pass journal entries in the journal of ONGC Ltd.

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Name of the following:(a) The person who promotes a business.(b) The document containing the bylaws of a company.(c) The documents inviting subscriptions for shares and debentures.(d) The amount of money which must be raised before allotment of share.

(a) Promoter (b) Memorandum of association (c) Prospectus (d) Application money.

Name of the following:
(a) The person who promotes a business.
(b) The document containing the bylaws of a company.
(c) The documents inviting subscriptions for shares and debentures.
(d) The amount of money which must be raised before allotment of share.

(a) Promoter
(b) Memorandum of association
(c) Prospectus
(d) Application money.