State whether the following statements are true or false.
1. Only fully paidup shares can be forfeited.
Ans:-False
2. The member transferring shares is called as transferor.
Ans:-True
3. Share certificate is issued for partly or fully paid up shares.
Ans:-True
4. Allotment of shares must be done within one month of receipt of application money.
Ans:-False
5. Sweat Equity shares are offered to Directors or employees of a company.
Ans:-True
6. Bonus Shares are issued at a discounted price to the Equity shareholders.
Ans:-True
7. Floor price is the highest bid price under Book Building method.
Ans:-False
8. Calls not paid by shareholder is called as calls in arrears.
Ans:- True
9. Shares not offered to the public for subscription is called as subscribed capital.
Ans:- False
10. Authorised capital is mentioned in capital clause of Memorandum of Association.
Ans:- True