Question

fast food ltd issued prospectus 10000 of rs 50 each share..

Answer 1

Answer:

issued a prospectus offering 10,000 equity shares of Rs. 50 each at par payable as follows On Application 15 On Allotment 10 On First Call 15 On Final call 10 Ram, the holder of 500 equity shares did not pay the amount due on both the calls