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Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable as
follow:
On Application Rs. 4 per share
On Application Rs. 3 per share
and Balance on 2 calls
The issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to
60,000 shares while remaining were returned.
Q. The portion of capital which the company does not issue to the public is known as:
  • a)
    Authorised capital
  • b)
    Paid up capital
  • c)
    Uncalled capital
  • d)
    Unissued Capital
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 ...
Unissued capital does not issue to the public.
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Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. The portion of capital which the company does not issue to the public is known as:a)Authorised capitalb)Paid up capitalc)Uncalled capitald)Unissued CapitalCorrect answer is option 'D'. Can you explain this answer?
Question Description
Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. The portion of capital which the company does not issue to the public is known as:a)Authorised capitalb)Paid up capitalc)Uncalled capitald)Unissued CapitalCorrect answer is option 'D'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. The portion of capital which the company does not issue to the public is known as:a)Authorised capitalb)Paid up capitalc)Uncalled capitald)Unissued CapitalCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. The portion of capital which the company does not issue to the public is known as:a)Authorised capitalb)Paid up capitalc)Uncalled capitald)Unissued CapitalCorrect answer is option 'D'. Can you explain this answer?.
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