Issue,forfeitire and reissue of share
This query is : Resolved
Sudhakar Biswas
(Querist)
07 April 2014
The subscribed share capital of s ltd. is rs. 80,00,000 of rs. 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 77,500 shares. The calls in arrear amounted to rs. 62,500. The final call on share will be :
(a) Rs. 25
(b) Rs. 7.80
(c) Rs. 20
(d) Rs. 62.50
Please answer given with explain.
(a) Rs. 25
(b) Rs. 7.80
(c) Rs. 20
(d) Rs. 62.50
Please answer given with explain.
Nikhil Kaushik
(Expert)
07 April 2014
divide 62500 by 2500. ie Rs 25
Sudhakar Biswas
(Querist)
08 April 2014
How to get Rs. 2500
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