David Ltd. issued ₹ 40,00,000 equity shares of ₹ 10 each out of its registered capital of ₹ 10,00,00,000. The amount payable on these shares was as follows:
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Xansa Ltd. offered 22,000 equity shares of ₹ 100 each to the public at a premium of ₹ 20 per share. The amount per share was payable as ₹ 30 on application; ₹ 50 (including premium) on allotment; and the balance on first and final call
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Suvidha Ltd. is registered with an authorized capital of ₹ 10,00,00,000 divided into 10,00,000 equity shares of ₹ 100 each. The company issued 1,00,000 shares for public subscription
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W Ltd. issued 10,000 shares of ₹ 100 each. During the year only ₹ 80 were called payable as follows On Application ₹ 25 On Allotment ₹ 20
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Nilgiri Tea Ltd. invited applications from the public for the issue of 1,00,000 Equity Shares of ₹ 20 each payable as: ₹ 5 on Application ₹ 7 on Allotment
Solution:- Note:- (i) 300 shares are forfeited as, allotment and call money not received. (ii) Maximum discount on reissue of shares is always equal to the amount received. as ₹ 5 application money has received, thus maximum discount…
Z Ltd. was registered with an authorised capital of ₹ 10,00,000 divided into 10,000 shares of ₹ 100 each. The company offered 5,000 of these shares to the public, which were payable ₹ 25 per share on application
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Fast Food Ltd. issued a prospectus offering 10,000 equity shares of ₹ 50 each at par payable as follows: On Application ₹ 15 On Allotment ₹ 10
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Dinesh Ltd issued 5,000 shares of ₹ 100 each at par, payable as follows: On Application ₹ 25 On Allotment ₹ 25 On First Call ₹ 20
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Alfa Ltd. issued 5,000 shares of ₹ 100 each at par. The amount payable was as under: ₹ 25 on application; ₹ 25 on allotment;
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X Ltd. was registered with an authorised capital of 2,00,000 shares of ₹ 10 each. It purchased assets of Y Ltd. for ₹ 3,00,000 and issued fully paid shares for purchase consideration
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