Commerce Exam > Commerce Questions > 6000 share of 10 each(applied for 7500 share)...
Start Learning for Free
6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve?
Most Upvoted Answer
6000 share of 10 each(applied for 7500 share) forfeited due to non pay...
Forfeiture of Shares due to Non-Payment of Allotment
The situation involves forfeiture of 6000 shares out of 7500 shares applied for, due to non-payment of allotment of 40 per share. This means that the shareholders failed to pay the required amount for their shares, resulting in the company forfeiting those shares.
First and Final Call not Made
The company has not made the first and final call, which means that it has not made any attempt to recover the outstanding amount from the shareholders. The first call is usually made after the allotment of shares, and the final call is made after the first call if the shareholders fail to pay the required amount.
Application Money Received
The company has received application money of 50 per share, which includes a security premium reserve of 20 per share. This means that the shareholders have paid only 30 per share towards the allotment of shares.
Implications of Forfeiture
The forfeiture of shares has certain implications for both the company and the shareholders. The company can sell the forfeited shares to recover the outstanding amount, and the shareholders lose their investment in the company.
Conclusion
In conclusion, the situation involves forfeiture of shares due to non-payment of allotment, and the company has not made the first and final call yet. The shareholders have paid only 30 per share towards the allotment of shares, and the company has received application money of 50 per share, which includes a security premium reserve of 20 per share.
The situation involves forfeiture of 6000 shares out of 7500 shares applied for, due to non-payment of allotment of 40 per share. This means that the shareholders failed to pay the required amount for their shares, resulting in the company forfeiting those shares.
First and Final Call not Made
The company has not made the first and final call, which means that it has not made any attempt to recover the outstanding amount from the shareholders. The first call is usually made after the allotment of shares, and the final call is made after the first call if the shareholders fail to pay the required amount.
Application Money Received
The company has received application money of 50 per share, which includes a security premium reserve of 20 per share. This means that the shareholders have paid only 30 per share towards the allotment of shares.
Implications of Forfeiture
The forfeiture of shares has certain implications for both the company and the shareholders. The company can sell the forfeited shares to recover the outstanding amount, and the shareholders lose their investment in the company.
Conclusion
In conclusion, the situation involves forfeiture of shares due to non-payment of allotment, and the company has not made the first and final call yet. The shareholders have paid only 30 per share towards the allotment of shares, and the company has received application money of 50 per share, which includes a security premium reserve of 20 per share.
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
6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve?
Question Description
6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about 6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve?.
6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about 6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve?.
Solutions for 6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve? 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 6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve? defined & explained in the simplest way possible. Besides giving the explanation of
6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve?, a detailed solution for 6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve? has been provided alongside types of 6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve? theory, EduRev gives you an
ample number of questions to practice 6000 share of 10 each(applied for 7500 share) forfeited due to non payment of allotment of 40 per share.first and final call yet not be made.company received application money only 50 per share including 20 per share security premium reserve? 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