1. The liability of a
shareholder of public limited company is limited. (True)
2. Equity shareholder
enjoys preferential rights. (False)
3. Equity share is a
guarantee fixed rate of dividend. (False)
4. In private placement
shares are issued to public through prospectus. (False)
5. Private placement method
saves time and cost. (True)
6. In public issue whole
amount of share capital is called at once. (False)
7. Shares are always
issued at par. (False)
8. A public company can
issue shares at only rate of discount. (False)
9. A public company
forfeits share on non payment of final call only. (False)
10. Forfeited shares are
reissued at par only. (False)
11. Share forfeited balance
is transferred to Capital Reserve Account. (True)
12. Shares are issued for
cash only. (False)
