(General / Speciality)
Full Marks: 80
Pass Marks: 24
Time: 3 hours
1. (a) State the following statements whether ‘True’ or ‘False’: 1x3=3
i. A debenture holder is a creditor of the company.
ii. Out of face value of the shares, at least 20% is payable with application.
iii. Internal Reconstruction and Reduction is Share Capital means the same.
(b) Fill in the blanks: 1x3=3
i. The Companies Act, 1956 defines a subsidiary company under Section ____.
ii. Preliminary Expenses are of ____ nature.
iii. Consolidated Financial Statements are prepared as per Accounting Standard ____.
(c) Write the correct answer: 1x2=2
i. Preference Shareholders are