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B Limited issued 50000 equity shares of rupees 10 each payable as rupees 3 personal loan application rupees 5 per share including rupees to as premium on allotment and rupees for Persian call all the cells were subscribe money due on all shared was fully received except from x folding thousand shares who fail to pay the allotment and call money and why holding two thousand years fail to pay the call Money?
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Introduction:
B Limited issued 50,000 equity shares of rupees 10 each payable as rupees 3 personal loan application rupees 5 per share including rupees to as premium on allotment and rupees for Persian call.

Subscription of shares:
All the shares were subscribed.

Money received:
Money due on all shares was fully received except from X holding thousand shares who failed to pay the allotment and call money.

Reason for failure to pay:
X holding two thousand shares failed to pay the call money due to financial difficulties.

Consequences of failure to pay:
Since X failed to pay the call money, the shares will be forfeited.

Forfeiture of shares:
The company will have to follow the procedure for forfeiture of shares as per the provisions of the Companies Act.

Procedure for forfeiture:
The company will have to pass a resolution for forfeiture of shares and give notice to X regarding the same.

Reissue of forfeited shares:
The forfeited shares can be reissued by the company at a later stage.

Conclusion:
B Limited issued 50,000 equity shares of rupees 10 each payable as rupees 3 personal loan application rupees 5 per share including rupees to as premium on allotment and rupees for Persian call. All the shares were subscribed and money due on all shares was fully received except from X holding two thousand shares who failed to pay the call money due to financial difficulties. The company will have to follow the procedure for forfeiture of shares as per the provisions of the Companies Act.
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B Limited issued 50000 equity shares of rupees 10 each payable as rupees 3 personal loan application rupees 5 per share including rupees to as premium on allotment and rupees for Persian call all the cells were subscribe money due on all shared was fully received except from x folding thousand shares who fail to pay the allotment and call money and why holding two thousand years fail to pay the call Money?
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B Limited issued 50000 equity shares of rupees 10 each payable as rupees 3 personal loan application rupees 5 per share including rupees to as premium on allotment and rupees for Persian call all the cells were subscribe money due on all shared was fully received except from x folding thousand shares who fail to pay the allotment and call money and why holding two thousand years fail to pay the call Money? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about B Limited issued 50000 equity shares of rupees 10 each payable as rupees 3 personal loan application rupees 5 per share including rupees to as premium on allotment and rupees for Persian call all the cells were subscribe money due on all shared was fully received except from x folding thousand shares who fail to pay the allotment and call money and why holding two thousand years fail to pay the call Money? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for B Limited issued 50000 equity shares of rupees 10 each payable as rupees 3 personal loan application rupees 5 per share including rupees to as premium on allotment and rupees for Persian call all the cells were subscribe money due on all shared was fully received except from x folding thousand shares who fail to pay the allotment and call money and why holding two thousand years fail to pay the call Money?.
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