Issue,forfeitire and reissue of share
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 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
Shudhanshu Agrawal
(Expert)
10 April 2014
Total no of subscribed shares = 80,00,000/100 = 80,000 shares
Total shares on which final call not paid = 80,000-77,500 = 2,500 shares
Final call on shares = Total o/s amount/No of o/s shares
= 62,500/2,500 = 25
Hence option (a) is correct.
Total shares on which final call not paid = 80,000-77,500 = 2,500 shares
Final call on shares = Total o/s amount/No of o/s shares
= 62,500/2,500 = 25
Hence option (a) is correct.
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