Question

Vinod Ltd.was formed with a Nominal Share Capital of 40 00 000 divided into 4 00 000 shares of 10 each the Company offeres 1 30 000 shares to the public payable 3 per share on Application per share on Application 3 per share on Allotment the balance on First and Final Call.Applications were received for 1 20 000 shares.All money payable on payable was duly received except on 2 000 shares held by Y.First and Final Call was not made by the Company​

Answer 1

Answer:

sorry I cannot answer this question