The issue price of a share can be demanded ________________.

only on application

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only on allotment

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only on call

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in lumpsum or installments on application & /or allotment &/or call

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Solution

The correct option is D in lumpsum or installments on application & /or allotment &/or call
Shares are said to be issued at par when the issue price is equal to the face value. When the sharesare issued, the company may ask the payment of the shares either in one lump sum or in installments. then no shares can be allotted and the application money has to be returned to Such demands are termed as calls.

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