Super Star Ltd. makes an issue of 10,000 Equity Shares of ₹ 100 each, payable as:Solution:- Anurag PathakSeptember 6, 2023
Star Ltd. forfeited 500 Equity Shares of ₹ 100 each for non-payment of first call of ₹ 30 per shareSolution:- Anurag PathakSeptember 6, 2023
The Hindustan Manufacturing Ltd. has a total subscribed capital of ₹ 10,00,000 in Equity Shares of ₹ 10 each of which ₹ 7,50 were called-upSolution:- Anurag PathakSeptember 6, 2023
R.P Ltd forfeited 1,500 shares of Rahim of ₹ 10 each issued at a premium of ₹ 3 per share for non-payment of allotment and first call moneySolution:- Anurag PathakSeptember 6, 2023
Sunshine Industries Ltd. issued 20,000 shares of ₹ 100 each payable ₹ 25 per share on application, ₹ 25 per share on allotment and the balance in two call of ₹ 25 eachSolution:- Anurag PathakSeptember 6, 2023
The Directors of Maharashtra Ltd. resolved on 1st May, 2020 that 2,000 Equity Shares of ₹ 10 each, ₹ 7.50 paid be forfeited for non-payment of final call of ₹ 2.50Solution:- Anurag PathakSeptember 6, 2023
On 1st May, 2022, Moneyplus Ltd. forfeited 200 shares of ₹ 20 each, ₹ 15 per share called-up, on which ₹ 10 per share has been paid by A, the amount of the first call of ₹ 5 per share being unpaidSolution:- Anurag PathakSeptember 6, 2023
Max Ltd. forfeited 500 shares of ₹ 100 each for non-payment of first call of ₹ 20 per share and final call of ₹ 25 per share. 250 of these shares were re-issued at ₹ 50 per share fully paid-up.Solution:- Anurag PathakSeptember 6, 20232 Comments
Alfa Ltd. forfeited 900 Equity Shares of ₹ 100 each for the non-payment of allotment money of ₹ 30 per share and the first call of ₹ 20 per shareSolution:- Anurag PathakSeptember 6, 2023
Z Ltd. issued 10,000 shares of the value of ₹ 10 each, payable ₹ 3 on application, ₹ 3 on allotment and ₹ 4 on the first and final callSolution:- Anurag PathakSeptember 6, 2023