A share of ₹ 100 issued at a premium of ₹ 10 on which ₹ 80 (including premium) was called and ₹ 60 (including premium) was paid, has been forfeited
Solution;-
Commerce School
Student Community
Archives Answers
Answer
Grofers Ltd having authorised capital of ₹ 25,00,000, issued 2,00,000 equity shares of ₹ 10 each for subscription payable ₹ 4 on application, ₹ 3 on allotment and balance on first and final call
Solution:-
Park Hospitality Ltd incorporated with authorised capital of ₹ 15,00,000, 1,50,000 equity shares of ₹ 10 each, issued 1,00,000 equity shares for subscription payable ₹ 4 on application, ₹ 3 on allotment and balance as first and final call
Solution:-
Kwality Hospitality Ltd. incorporated with authorised capital of ₹ 1,00,000 equity shares of ₹ 10 each, issued 50,000 equity shares for subscription payable ₹ 4 on application, ₹ 3 on allotment and balance as first and final call
Solution:-
‘Venus Ltd.’ was registered with an authorised capital of ₹ 40,00,000 divided into 4,00,000 equity shares of ₹ 10 each. 70,000 of these shares were reissued as fully paid to ‘M/s Star Ltd.’ for building purchased from them
Solution:-
Slow & Steady Ltd. invited applications for 10,000 Equity Shares of ₹ 10 each for public subscriptions. The amount of these shares was payable as:
Solution:-
Software Ltd. company with registered capital of ₹ 5,00,000 in shares of ₹ 10 each issued 20,000 of such shares payable ₹ 2 on application, ₹ 4 on allotment, ₹ 2 on final call
Solution:-
Jain Ltd. invited applications for issuing 1,12,000 equity shares of ₹ 10 each at par. The amount per share was payable as follows:
Solution:-
Basak Ltd. forfeited 20 shares of ₹ 10 each, ₹ 7 called-up on which the shareholders had paid application and allotment money of ₹ 5 per share
Solution:-
Sunita holds 200 shares of ₹ 10 each on which she has paid ₹ 1 and ₹ 2 per share on application and allotment respectively.
Solution:-