Bee Cee Ltd. was registered with a capital of ₹ 10,00,000 divided into 20,000 shares of ₹ 50 each. The company issued for subscription 10,000 shares payable ₹ 10 per share on application, ₹ 10 per share on allotment
Solution:-
Commerce School
Student Community
Archives Answers
Answer
Anand Ltd. invited applications for 75,000 Equity Shares of ₹ 100 each on the following terms: On application ₹ 30 On Allotment ₹ 20
Solution:-
Surya Ltd. issued for subscription 25,000 Equity Shares of ₹ 10 each payable as follows: On application ₹ 3; on allotment ₹ 3; on first and final call ₹ 4 (three months after allotment)
Solution:-
Mohan, the holder of 100 shares, paid his second call of ₹ 10 along with the share first call money of ₹ 20 on 1st May, 2023. The second call was made by the company on 1st August, 2022
Solution:-
Shivani, the holder of 200 shares, paid her arrears in respect of shares first call of ₹ 25 on 1st August, 2023, the due date of call being 1st May, 2023
Solution:-
Newbie Ltd. issued 8,000 Equity Shares of ₹ 100 each. ₹ 50 per share was called, payable ₹ 20 on application, ₹ 10 on allotment, ₹ 10 on the first call and ₹ 10 on the second call
Solution:-
Heights Ltd., issued 60,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 3 on application, ₹ 5 (including premium) on allotment and the balance on first and final call
Solution:-
Moonlight Ltd. issued 50,000 Equity Shares of ₹ 10 each for subscription payable ₹ 3 on application ₹ 3 on allotment and balance on first and final call
Solution:-
Ashu Ltd. issued 1,00,000 Equity Shares of ₹ 10 each payable ₹ 3 on application, ₹ 3 on allotment, ₹ 2 on first call and ₹ 2 on final call. All the shares were subscribed
Solution:-
Cola Ltd was registered with an authorised capital of ₹ 25,00,000 divided into 2,50,000 Equity Shares of ₹ 10 each. Anil promoted the company and value of his services was established at ₹ 50,000 to be paid by issue of equity shares at par
Solution:-