Correct sequence of share issue: first Issue of Prospectus (d) to invite subscription, then Receipt of Applications (a), followed by Allotment of Shares (b). If some shareholders fail to pay calls, Forfeiture (e) occurs, and finally the company can opt for Reissue of Forfeited Shares (c).
Arrange the following steps as per the procedure of issue of shares : (a) Receipt of applications (b) Allotment of shares (c) Reissue of forfeited…
CUET UG 2022 — Accountancy Company Accounts
2022mcqeasy
Arrange the following steps as per the procedure of issue of shares :
(a) Receipt of applications
(b) Allotment of shares
(c) Reissue of forfeited shares
(d) Issue of prospectus
(e) Forfeiture of shares
Choose the correct answer from the options given below :
Official previous-year question
Held on 20 Jul 2022 · Verified 13 Jul 2026.
Options
- A
(a), (b), (c), (d), (e)
- B
(b), (a), (d), (c), (e)
- C
(d), (a), (b), (e), (c)
- D
(a), (b), (e), (d), (c)
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