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X Ltd invited application for Rs.10,000 share of Rs.10 each the amount is payable as Rs.3 on application for allotment and balance Rs.3 on first and final call the issue was fully subscribed dully received?
Most Upvoted Answer
X Ltd invited application for Rs.10,000 share of Rs.10 each the amount...
Explanation:
To understand the scenario mentioned, let's break it down into different sections:
1. Share Issue Details:
- X Ltd invited applications for Rs.10,000 shares of Rs.10 each.
- This means that the company was looking to issue a total of 1,000 shares (Rs.10,000 divided by Rs.10 per share).
2. Payment Terms:
- The amount payable for each share was split into three installments - Rs.3 on application, Rs.3 on allotment, and the balance Rs.4 on the first and final call.
3. Subscription and Receipt of Payments:
- The issue was fully subscribed, which means that all the shares on offer were applied for by investors.
- The company received the full amount of Rs.3 on application for each share from the applicants.
- After the applications were processed, the company allotted the shares to the applicants.
- For the allotted shares, the applicants had to pay Rs.3 on allotment.
- Finally, the remaining balance of Rs.4 on the first and final call was collected from the shareholders.
Summary:
In summary, X Ltd invited applications for Rs.10,000 shares of Rs.10 each. The shares were fully subscribed, and the company received Rs.3 on application for each share. After the allotment of shares, the applicants had to pay Rs.3 on allotment. The remaining balance of Rs.4 on the first and final call was collected from the shareholders.
To understand the scenario mentioned, let's break it down into different sections:
1. Share Issue Details:
- X Ltd invited applications for Rs.10,000 shares of Rs.10 each.
- This means that the company was looking to issue a total of 1,000 shares (Rs.10,000 divided by Rs.10 per share).
2. Payment Terms:
- The amount payable for each share was split into three installments - Rs.3 on application, Rs.3 on allotment, and the balance Rs.4 on the first and final call.
3. Subscription and Receipt of Payments:
- The issue was fully subscribed, which means that all the shares on offer were applied for by investors.
- The company received the full amount of Rs.3 on application for each share from the applicants.
- After the applications were processed, the company allotted the shares to the applicants.
- For the allotted shares, the applicants had to pay Rs.3 on allotment.
- Finally, the remaining balance of Rs.4 on the first and final call was collected from the shareholders.
Summary:
In summary, X Ltd invited applications for Rs.10,000 shares of Rs.10 each. The shares were fully subscribed, and the company received Rs.3 on application for each share. After the allotment of shares, the applicants had to pay Rs.3 on allotment. The remaining balance of Rs.4 on the first and final call was collected from the shareholders.
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X Ltd invited application for Rs.10,000 share of Rs.10 each the amount is payable as Rs.3 on application for allotment and balance Rs.3 on first and final call the issue was fully subscribed dully received?
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X Ltd invited application for Rs.10,000 share of Rs.10 each the amount is payable as Rs.3 on application for allotment and balance Rs.3 on first and final call the issue was fully subscribed dully received? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about X Ltd invited application for Rs.10,000 share of Rs.10 each the amount is payable as Rs.3 on application for allotment and balance Rs.3 on first and final call the issue was fully subscribed dully received? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X Ltd invited application for Rs.10,000 share of Rs.10 each the amount is payable as Rs.3 on application for allotment and balance Rs.3 on first and final call the issue was fully subscribed dully received?.
X Ltd invited application for Rs.10,000 share of Rs.10 each the amount is payable as Rs.3 on application for allotment and balance Rs.3 on first and final call the issue was fully subscribed dully received? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about X Ltd invited application for Rs.10,000 share of Rs.10 each the amount is payable as Rs.3 on application for allotment and balance Rs.3 on first and final call the issue was fully subscribed dully received? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X Ltd invited application for Rs.10,000 share of Rs.10 each the amount is payable as Rs.3 on application for allotment and balance Rs.3 on first and final call the issue was fully subscribed dully received?.
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