Question : Liability of shareholder is limited to...............of the shares allotted to him.
Option 1: Called up Value
Option 2: Face Value
Option 3: Paid up Value
Option 4: Reserve Price
Answer (1)
22nd Jan, 2024
Correct Answer: Face Value
Solution :
The shareholder's liability is only for the face value of the shares that were issued to him.
Hence the Correct answer is Option 2.
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