Dineshwar Limited's Equity Shares Issuance

The scenario states that Dineshwar Limited issued 50,000 equity shares with a face value of Rs 50 and a premium of 10%. The total amount payable on these shares, including the premium, was Rs 30. The company followed a payment schedule where Rs 30 was payable on application, Rs 10 on allotment, Rs 10 on the first call, and Rs 10 on the second call.

Application and Allotment of Shares

- Dineshwar Limited received applications for all the 50,000 shares issued.
- The company made allotment of shares to the applicants as per the number of shares applied for.
- As the company received applications for all the shares, it means that all the shares were allotted to the applicants.

Calls on Shares

- After allotment, the company made calls on the shares on the due dates. This means that the shareholders were required to pay the first call amount of Rs 10 per share.
- The company received all the call amounts except for the first call.

Explanation for Non-receipt of First Call Amount

There could be several reasons why the company did not receive the first call amount from some shareholders. Here are some possible explanations:

1. Non-payment by Shareholders: Some shareholders may have failed to pay the first call amount on the due date. This could be due to various reasons such as financial difficulties, lack of funds, or negligence.

2. Communication Gap: There may have been a communication gap between the company and the shareholders regarding the first call amount. The shareholders might not have received the call notice or were not aware of the due date for payment.

3. Shareholders Defaulting: Some shareholders might intentionally default on the payment of the first call amount, hoping to either delay the payment or avoid it altogether. This could be a result of dissatisfaction with the company's performance or other personal reasons.

Impact on Dineshwar Limited

The non-receipt of the first call amount can have both financial and administrative implications for Dineshwar Limited:

Financial Impact:
- The non-payment of the first call amount means that the company has not received the full amount due from the shareholders.
- This can lead to a cash flow problem for the company, as it was relying on the first call amount to fund its operations or investments.
- The company may need to explore alternative sources of funding or delay its planned activities due to the shortfall in funds.

Administrative Impact:
- The company will need to follow up with the shareholders who have not paid the first call amount.
- It may need to send reminders, notices, or take legal actions to recover the outstanding amount.
- The administrative effort and costs involved in recovering the unpaid amount can be a burden on the company's resources.

Conclusion

In conclusion, Dineshwar Limited issued equity shares and received applications for all the shares. The company made allotment as per the applications and subsequently made calls on the shares. However, the company did not receive the first call amount from some shareholders. This can have financial and administrative implications for the company, and it will need to take necessary actions to recover the unpaid amount.