Multiple choice

The issue price of a share can be demanded

  1. only on application

  2. only on allotment

  3. only on call

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

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

According to Companies Act,2013 there is no restriction on companies to demand complete issue price of shares only on applcation or allotment or call of shares. Issue price can either be demanded in lumpsum or installments on application &/or allotment &/or call.