Question

Ritesh is a shareholder in a company holding 5,000 shares. the face value of share is rs100 each on which he has already paid rs 70 per share. his liability in the event of loses or company's failure to pay debts can be only upto
a)3,50,000 b)70,000 c)1,50,000 d)5,00,000​

Answer 1

Answer:

the answer

d)5,00,000

Answer 2

Answer:

Ritesh liability in the event of loses or company's failure to pay debts can be only upto liability in the event of loses or company's failure to pay debts can be only upto 1,50,000.

Explanation:

Shareholder’s liabilities is limited to the unpaid amount of calls due to him. Here, Ritesh is a shareholder in a company holding 5,000 shares. the face value of share is rs100 each on which he has already paid rs 70 per share, therefore the unpaid amount is rs 30 (100-70). As ritesh has total of 5000 shares, so the amount due is rs 1,50,000 (5000 shares* rs 30).

Ritesh liability is limited to rs 1,50,000 in the event of losses of company’s failure to pay debts or in the event of loss.

#SPJ3