Q. 5. In case the face value of a share is 100 and 90 have been called and 60 have been paid,
the liability of a shareholder holding these shares will be limited to:
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the unpaid part of share i.e 100- 60 = 40
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In case the face value of a share is Rs.100 and Rs.90 have been called and Rs.60 have been paid, the liability of a shareholder holding these shares will be limited to Rs.100 since the liability of a shareholder is limited to the nominal value or face value of the shares held and they are not obliged to pay up for losses exceeding the face value of the share they hold.
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