Question

what is meant by share 1st call, 2nd call and final call money due ?
please explain easily !!!​

Answer 1

Answer:

At the time of share issued.

issued money is paid in instalments

1st instalment is application money

2nd is allotment money

3rd is first call and so on

Explanation:

when call money is being asked to pay by the company.

then call money is due

Answer 2

Answer:

the first instalment is collected along with application and is thus, known as application money, the second on allotment ( term as allotment money ) and the remaining instalment are term as first call, second call and so on.

Postage and demand draft charges incurred by the shareholders may be deducted from the total amount payable by the shareholders towards first and final call money.

hope this will help you..