CBSE 2024 · Region 4 · Set 3 · Q7

Vishant Ltd. invited applications for issuing $\displaystyle 6,000$ equity shares of ₹ $\displaystyle 10$ each at $\displaystyle 10$% premium. The issue was fully subscribed. The amount per share was payable as follows : On application - ₹ $\displaystyle 3$, on allotment - ₹ $\displaystyle 3$ (including premium), on first call - ₹ $\displaystyle 3$ and on final call - ₹ 2. As fish the holder of $\displaystyle 200$ shares paid the entire money along with allotment. The total amount received on allotment was :

OR

M Ltd. forfeited $\displaystyle 5,000$ equity shares of ₹ $\displaystyle 10$ each issued at a premium of $\displaystyle 10$% for non-payment of final call of ₹ $\displaystyle 2$ per share. The minimum amount at which these shares can be reissued as fully paid up will be :