2 points
(A) Suppose Harsh is a
shareholder in a company
holding 500 shares of Rs. 10
each on which he has already
paid Rs.8 per share. His liability
in the event of losses or
company failure to pay debts
can be only up to
O (i) Rs 4000
O (ii) Rs 5000
O )
(iii) Rs 1000
O (iv) Rs 2000
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Answer:
(iii)1000
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