Question

Q-93 tsgrewal share capital

Answer 1

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Answer:

Eastern Star Cycle Ltd. was registered with a capital of Rs.5, 00,000 divided into 20,000 shares of Rs.25 each. The company offered to public for subscription 10,000 shares payable Rs.5 per share on application, Rs.5 per share on allotment and the balance in two calls of Rs.7.50 each.

Answer 2

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