CH-1 Accounting Of Share Capital
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6 Terms
1
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Forfei1ure of shares
takes place when a shareholder fails 10 pay the calls made.
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PREFERENCE
SHARES- These are the shares that carry preferential right as to dividend at fixed rate and preferential right as to repayment of capital.
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Reserve capital
is a part of subscribed share capital that a company resolves.
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Pro rata allounen1
takes place only when the shnres are ovcrsubscnbed.
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EQUITY SHARES
- TheŁe shares are the shareŁ that are not preference Łhares.
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Securities premium
- How dealt when shares are forfeited.