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Shiva ltd. Issued 30000 shares of …

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Shiva ltd. Issued 30000 shares of rs. 10 each @ premm of rs 2 payable as under On application - rs 4 On allotment - rs 3 On share 1 and final call - rs 5 (including premm) Application was recived for 85000 shares and pro rata allotment was made among all the applicants. Excess application money was to be adjusted towards allotment and call. All calls were made and duly recived except Anu who applied for 3400 shares and did not pay anything thereafter. Her shares were forfeited after final call and these shares were reissued for rs 9 fully paid up.

Posted by Vedanti Verma 1 year, 9 months ago

CBSE > Class 12 > Accountancy

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