R Ltd. issued 8,000, 13% Debentures of ₹ 100 each at a discount of 5% payable as follows On Application ₹ 25
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Nav Lakshmi Ltd. invited applications for issuing 3,000, 12% Debentures of ₹ 100 each at a premium of ₹ 50 per debenture. The full amount was payable on application
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X Ltd. issued 5,000, 12% Debentures of ₹ 100 each at a premium of ₹ 5 payable as follows: On Application ₹ 30
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Sunflower Ltd. issued 4,000, 8% Debentures of ₹ 200 each at a premium of 6% payable as ₹ 80 on application and ₹ 132 on allotment
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Kamal Ltd. issued 5,000, 12% Debentures of ₹ 100 each, payable as follows: ₹ 10 on application, ₹ 15 on allotment, ₹ 30 on first call and ₹ 45 on second and final call
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Balaji Ltd. issued 10,000, 13% Debentures of ₹ 100 each, payable as follows: ₹ 20 on application, ₹ 30 on allotment and ₹ 50 on first and final call
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Jupiter Ltd. issued shares of ₹ 100 each at a premium of 40% payable as follows: On Application ₹ 50 On Allotment ₹ 70 (including Premium)
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Kochi Silk Ltd. issued a prospectus inviting applications for 40,000 shares of ₹ 10 each at a premium of ₹ 8 per share, payable as follows:
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Sun Ltd. issued shares of ₹ 50 each at a premium of 20% payable as follows: On Application ₹ 15 On Allotment ₹ 25 (including premium)
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Khushboo Ltd. issued for public subscription 50,000 equity shares of ₹ 10 each at a premium of 30% payable as under:
Solution:- Note:- As per question, first share capital part of allotment is covered with excess application, then securities premium is covered with rest of the amount.