Question

Nipun is shareholder in Krishna ltd. Holding 500 shares of 50 each on which he has already paid 44per share. What will be his liability in the event of krishna ltd. Failure to pay debt.? With solution

Answer 1

Answer:

25000/-

Explanation:

Nipun's liability will be to the extend shares purchased by him 500*50=25000/-

face value is important , irrespective of the discount or premium on shares

Answer 2

Answer:25000

Explanation:50*500 is equal to 25000. Face value is important irrespective of failure debt