Commerce Exam > Commerce Questions > Authorised capital of 200000 divided into 100...
Start Learning for Free
Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.?
Most Upvoted Answer
Authorised capital of 200000 divided into 10000 ,10% preference shares...
Authorized Capital:
- Authorized capital of the company is 200000 divided into 10000 preference shares of 10 each and 10000 equity shares of 10 each.
Shares Issued:
- The company issued half of the preference shares and half of the equity shares to the public.
- This means that 5000 preference shares and 5000 equity shares were issued to the public.
Subscription and Allotment:
- On application, the public subscribed for the shares.
- The amount of subscription is not given, so it cannot be calculated.
- On allotment, the company allotted the shares to the public.
- The public received 2 preference shares and 3 equity shares per share applied for.
Calls:
- The company made two calls on the shares.
- The first call was of 2 per share on the equity shares.
- The second call was of 3 per share on both the preference shares and the equity shares.
- The calls were made in the following order: first call, second call, and final call.
Final Call:
- It is not mentioned whether the final call was made or not.
- If the final call was made, the company would have asked the shareholders to pay the remaining amount of the share price.
- If the final call was not made, the shareholders would not have to pay any further amount.
In conclusion, the company had an authorized capital of 200000 and issued 5000 preference shares and 5000 equity shares to the public. The public subscribed on application and received 2 preference shares and 3 equity shares per share applied for on allotment. The company made two calls on the shares, and it is not mentioned whether the final call was made or not.
- Authorized capital of the company is 200000 divided into 10000 preference shares of 10 each and 10000 equity shares of 10 each.
Shares Issued:
- The company issued half of the preference shares and half of the equity shares to the public.
- This means that 5000 preference shares and 5000 equity shares were issued to the public.
Subscription and Allotment:
- On application, the public subscribed for the shares.
- The amount of subscription is not given, so it cannot be calculated.
- On allotment, the company allotted the shares to the public.
- The public received 2 preference shares and 3 equity shares per share applied for.
Calls:
- The company made two calls on the shares.
- The first call was of 2 per share on the equity shares.
- The second call was of 3 per share on both the preference shares and the equity shares.
- The calls were made in the following order: first call, second call, and final call.
Final Call:
- It is not mentioned whether the final call was made or not.
- If the final call was made, the company would have asked the shareholders to pay the remaining amount of the share price.
- If the final call was not made, the shareholders would not have to pay any further amount.
In conclusion, the company had an authorized capital of 200000 and issued 5000 preference shares and 5000 equity shares to the public. The public subscribed on application and received 2 preference shares and 3 equity shares per share applied for on allotment. The company made two calls on the shares, and it is not mentioned whether the final call was made or not.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Top Courses for CommerceView all
Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.?
Question Description
Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.?.
Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.?.
Solutions for Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.? defined & explained in the simplest way possible. Besides giving the explanation of
Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.?, a detailed solution for Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.? has been provided alongside types of Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.? theory, EduRev gives you an
ample number of questions to practice Authorised capital of 200000 divided into 10000 ,10% preference shares of 10each and 10000 equity shares of 10each company issued half of the preference shares and half of the equity shares which the public subscribed on application 2, allotment 3, first call 2,final call 3.? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup