Question

por
0.31 Garima Limited issued a prospectus inviting applications f
rom 3000
Ishares of 100 each at a premium of & 20 payable cas follows:
On Application & Po pershare On allotmont & So per share
Cincluding promium on first call & lo per shara, On second call
730
share. Applications were received for 4000 shares had
allotmisuts mode on prorade basis to the applicants of 3600
Ishares, the remaining applications being rejected, money
recoinod on application was adjusted an accounts of suns due
on allotmonto Renulo to who 360 Shares wars ollosed, failed
to pay allotment and collsmoney, and how shares were forfeited
Ranika, the applicout of 200 shares failed to
pay
the two
calls, her shares wore also forfnited. All these shares war
sold to naman as fully puid for $80 porshore Show
Journal outrios in the boolds of company -​

Answer 1

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