CBSE 2026 · Region 5 · Set 2 · Q26

Diwan Ltd. was registered with an authorised capital of ₹ $\displaystyle 1,00,00,000$, divided into $\displaystyle 1,00,000$ equity shares of T $\displaystyle 100$ each. The company invited applications for issuing $\displaystyle 50,000$ shares. The amount was payable as follows : On Application and Allotment - T $\displaystyle 30$ per share On First call - T $\displaystyle 40$ per share On Second and Final call balance The issue was fully subscribed. All amounts were duly received except from Nawal, a shareholder holding $\displaystyle 700$ shares, who failed to pay the second and final call. His shares were forfeited. On the basis of the above information, answer the following questions : (i) The Registered capital of Diwan Ltd. is : (A) ₹ $\displaystyle 1,00,00,000$ (B) ₹ $\displaystyle 1,00,000$ (C) #$\displaystyle 6$ $\displaystyle 50,00,000$ (D) ₹ $\displaystyle 50,000$ (ii) The Issued capital of Diwan Ltd. is : (A) ₹ $\displaystyle 1,00,00,000$ (B) % $\displaystyle 1,00,000$ (C) ₹ $\displaystyle 50,00,000$ (D) $\displaystyle 50,000$ (iii) Calls in arrears of the company amounted to : (A) $\displaystyle 21,000$ (B) ₹ $\displaystyle 70,000$ (C) Nil (D) $\displaystyle 49,000$ (iv) 'Share Forfeiture Account' will appear in the 'Notes to Accounts' at : (A) ₹ $\displaystyle 21,000$ (B) ₹ $\displaystyle 70,000$ (C) Nil (D) ₹ $\displaystyle 49,000$ (v) The amount of 'Share Capital' presented in the Balance Sheet of Diwan Ltd. will be : (A) ₹ $\displaystyle 49,30,000$ (B) $\displaystyle 50,00,000$ (C) $\displaystyle 49,79,000$ (D) ₹ $\displaystyle 49,49,000$ (vi) If all the forfeited shares are reissued at $\displaystyle 30$ per share, fully T paid- up, the amount transferred to 'Capital Reserve' will be : (A) ₹ $\displaystyle 49,000$ (B) *s $\displaystyle 70,000$ (C) ₹ $\displaystyle 21,000$ (D) Nil