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