The amount on any calls should not exceed of face value of shares.
This question was previously asked in
Shift 16/06/2023 3:30 PM - 6:30 PM
A
10% of face value of share
B
15% of face value of share
C
25% of face value of share
D
5% of face value of share
Correct Answer
25% of face value of share
Detailed Explanation
The amount on any calls should not exceed 25% of the face value of shares. Option 3, "25% of face value of share," is the correct answer. This means that when a company issues shares, it can make calls for payment on those shares, but the amount of each call cannot exceed 25% of the face value of the shares.
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