Question

Ans. JD,
company forfeits the shares held by two shareholders Ajay and Vijay.
-) Ajay holds 100 shares of 10 each on which he has paid * 5 per share ( 3 on
application and 2 on allotment including 1 as premium payable on allotment) as
application and allotment money but has failed to pay the call of 6 per share.
(i) Vijay holds 200 shares of * 10 each on which he has paid * 3 per share as application
money. He has failed to pay the allotment money of 2 and call money of 5 per share.​

Answer 1

Answer:

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Answer 2

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