Question

Authorised capital 2,00,000 of a company is divided into 2,000 shares of 100 each. 1200
shares were issued to the public. The public has applied for 1,500 shares. What will be
amount of issued capital?
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Answer 1

Answer:

40,00,000 divided into 4,00,000 shares of L 10 each. The Company offers 1,30,000 shares to the public payable L 3 per share on Application.

Explanation:

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