Iron Products Ltd. issued 5,000; 9% Debentures of ₹ 100 each at a premium of ₹ 40 payable as follows:

Iron Products Ltd. issued 5,000; 9% Debentures of ₹ 100 each at a premium of ₹ 40 payable as follows:

(i) ₹ 40, including premium of ₹ 10 on application;

(ii) ₹ 45, including premium of ₹ 15 on allotment; and

(iii) Balance as first and final call.

The issue was subscribed and allotment made. Calls were made and due amount was received.

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