Any company goes for public issue of each share of face value rs.10/-. The application money is rs.2/-, allotment rs.3/- first call rs. 4/- final call rs.3/- is this valid
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application money should be atleast 25% of face value.... means rs. 2.50 should be on application
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Any company goes for public issue of each share of face value rs.10/-. The application money is rs.2/-, allotment Rs.3/- first call Rs. 4/- final call Rs.3/. The given conditions in the question are not valid.
In case of Accountancy, the application money must be at least 25% of the face value. That means Rs. 2.50 should be there on the application.
Explanation:
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