M Ltd. offered 1,05,000 equity shares of Rs.10 each payable as: |
Rs.3 on application; Rs.4 on allotment and Balance on 1st & final call. |
Applications were received in excess and allotment was made as follows: |
(a) Applicants of 30,000 shares..................................................Nil |
(b) Applicants of 12,000 shares..................................................Full Allotment |
(c) Applicants of 9,000 shares....................................................Allotted 6,000 Shares |
(d) Applicants of 60,000 shares..................................................Allotted 15,000 Shares |
(e) Applicants of 90,000 shares..................................................Allotted 18,000 Shares |
(f) Applicants of 1,50,000 shares ...............................................Allotted 24,000 Shares |
(g) Applicants of 1,80,000 shares ..............................................Allotted 30,000 Shares |
Excess application money received on application was adjusted towards allotment and call. |
Application money received by the company:. |
A) 15,93,000
B) 16,00,000
C) 15,00,000
D) 16,93,000
Correct Answer: A
Solution :
15,93,000You need to login to perform this action.
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