Question

of the shares,
I
1
10/1
bl. Jewel (P) Ltd. with an authorised capital of 5,00,000 in shares of 100 each, issued 4,000 equity shares
payable in four equal instalments. The company received applications for 5,000 shares, The excess
application money was refunded. All the money due on allotment and calls were
The directors thereon passed a resolution forfeiting these shares. The forfeited shares were
rd the above
per share.
members holding 500 shares failed to pay the final call money.
received, but
as fully paid, for 80
Show the Tournal
re-issued​

Answer 1

Explanation:

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