CAF-4 · Chapter 20 · Question 6 of 15
What is another legally recognized term used for 'Ordinary shares'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Equity shares
Explanation
Ordinary shares are also commonly referred to as Equity shares.
More Share capital and commencement of business MCQs
- Q8What is the underlying rationale for a company to issue different classes of shares with varying voting rights?
- Q9Which of the following is a mandatory requirement for a public company to obtain a certificate of commencement of business?
- Q10Maroon (Private) Limited wants to raise capital by issuing shares to the general public. What must the company do regarding its status…
- Q11Which of the following companies is NOT required to obtain a 'Certificate of Commencement of Business' before starting its operations?
- Q12If a public company decides not to issue shares to the general public initially, what document must it file with the registrar before…