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ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call?
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ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as...
ABC Limited Share Issue Details
- ABC Limited issued 10000 shares of Rs 100 each.
- The amount payable for the shares was as follows:
- On application - Rs 20
- On allotment - Rs 40
- On first call - Rs 30
- On final call - Rs 10
Application and Allotment
- Applications were received for 25000 shares.
- The company decided to make a pro-rated allotment for 20000 shares.
- This means that each applicant would receive a percentage of the shares they applied for based on the total number of shares applied for.
- The remaining 5000 applications were rejected.
- The excess money received from the applicants was utilized towards the sum due on allotment.
Breakdown of Payments
1. Applications
- The total number of shares applied for was 25000.
- The company decided to make a pro-rated allotment for 20000 shares.
- This means that each applicant would receive a percentage of the shares they applied for based on the total number of shares applied for.
- The remaining 5000 applications were rejected.
2. Allotment
- The amount payable on allotment was Rs 40 per share.
- The excess money received from the applicants was utilized towards the sum due on allotment.
- Each applicant who was allotted shares was required to pay Rs 20 per share (Rs 40 - Rs 20) at the time of allotment.
3. First Call
- The amount payable on the first call was Rs 30 per share.
- Each shareholder who was allotted shares was required to pay Rs 10 per share (Rs 30 - Rs 20) on the first call.
4. Final Call
- The amount payable on the final call was Rs 10 per share.
- Each shareholder who was allotted shares was required to pay Rs 10 per share on the final call.
- ABC Limited issued 10000 shares of Rs 100 each.
- The amount payable for the shares was as follows:
- On application - Rs 20
- On allotment - Rs 40
- On first call - Rs 30
- On final call - Rs 10
Application and Allotment
- Applications were received for 25000 shares.
- The company decided to make a pro-rated allotment for 20000 shares.
- This means that each applicant would receive a percentage of the shares they applied for based on the total number of shares applied for.
- The remaining 5000 applications were rejected.
- The excess money received from the applicants was utilized towards the sum due on allotment.
Breakdown of Payments
1. Applications
- The total number of shares applied for was 25000.
- The company decided to make a pro-rated allotment for 20000 shares.
- This means that each applicant would receive a percentage of the shares they applied for based on the total number of shares applied for.
- The remaining 5000 applications were rejected.
2. Allotment
- The amount payable on allotment was Rs 40 per share.
- The excess money received from the applicants was utilized towards the sum due on allotment.
- Each applicant who was allotted shares was required to pay Rs 20 per share (Rs 40 - Rs 20) at the time of allotment.
3. First Call
- The amount payable on the first call was Rs 30 per share.
- Each shareholder who was allotted shares was required to pay Rs 10 per share (Rs 30 - Rs 20) on the first call.
4. Final Call
- The amount payable on the final call was Rs 10 per share.
- Each shareholder who was allotted shares was required to pay Rs 10 per share on the final call.
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ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call?
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ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call?.
ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call?.
Solutions for ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call? in English & in Hindi are available as part of our courses for Class 12.
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ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call?, a detailed solution for ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call? has been provided alongside types of ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call? theory, EduRev gives you an
ample number of questions to practice ABC LIMITED ISSUE 10000 SHARES of rs 100 each .Ammount were payable as follow. On application-20 On allotment-40 On first call-30 On final call -10 Applications were received of 25000 shares.The director decided to make pro rated allotment for 20000 applications and remaining application were rejected.Excess money was utilised towards sum due on allotment. 1. Applications 2. Allotment 3.First call 4. Final call? tests, examples and also practice Class 12 tests.
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