Question

O 2.13 X Ltd. issued 10,000 equaity shares of 10 eac at 11 per shares. The amount was payable as follows- 6 32 on Application 34 on Allotment (including premium) 3 on first call 2 on final call The company did not make the final call. Sahil holder of 50 shares failed to pay allotment and first call money direaturs forfeited this shares.​

Answer 1

Explanation:

per shares. The amount was payable as follows- 6 32 on Application 34 on Allotment (including premium) 3 on first call 2 on final call The company did not make the final call. Sahil holder of 50 shares failed to pay allotment and first call money direaturs forfeited this shares.