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Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):
On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:
Particulars
Rs.in crores
(a)Equity shares of Rs. 10 each fully paid
(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up
330,70,90
(c)Securities Premium
240 20,50
(d)General Reserve
(e)Profit and Loss Account
(f)Capital Redemption Reserve Account 1,200
(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.?
On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:
Particulars
Rs.in crores
(a)Equity shares of Rs. 10 each fully paid
(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up
330,70,90
(c)Securities Premium
240 20,50
(d)General Reserve
(e)Profit and Loss Account
(f)Capital Redemption Reserve Account 1,200
(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.?
Most Upvoted Answer
Illustration 1A (Computation of the maximum number of equity shares pe...
Computation of Maximum Permissible Number of Equity Shares for Buyback:
1. Total Equity Shares Outstanding:
- Total equity shares outstanding = Rs. 330 crores / Rs. 10 per share
- Total equity shares outstanding = 33 crores shares
2. 20% of Paid-up Equity Capital and Free Reserves:
- 20% of (Total equity shares outstanding) = 20% of 33 crores shares
- 20% of Paid-up Equity Capital and Free Reserves = 6.6 crores shares
3. Maximum Permissible Number of Equity Shares for Buyback:
- Maximum permissible number of equity shares for buyback = Lesser of
- 10% of Total Equity Shares Outstanding = 10% of 33 crores shares
- 25% of Paid-up Equity Capital and Free Reserves = 25% of 33 crores shares
- Maximum permissible number of equity shares for buyback = Lesser of (3.3 crores shares, 8.25 crores shares)
- Maximum permissible number of equity shares for buyback = 3.3 crores shares
Therefore, the maximum permissible number of equity shares that can be bought back by GILDY & TULSI Ltd. is 3.3 crores shares.
1. Total Equity Shares Outstanding:
- Total equity shares outstanding = Rs. 330 crores / Rs. 10 per share
- Total equity shares outstanding = 33 crores shares
2. 20% of Paid-up Equity Capital and Free Reserves:
- 20% of (Total equity shares outstanding) = 20% of 33 crores shares
- 20% of Paid-up Equity Capital and Free Reserves = 6.6 crores shares
3. Maximum Permissible Number of Equity Shares for Buyback:
- Maximum permissible number of equity shares for buyback = Lesser of
- 10% of Total Equity Shares Outstanding = 10% of 33 crores shares
- 25% of Paid-up Equity Capital and Free Reserves = 25% of 33 crores shares
- Maximum permissible number of equity shares for buyback = Lesser of (3.3 crores shares, 8.25 crores shares)
- Maximum permissible number of equity shares for buyback = 3.3 crores shares
Therefore, the maximum permissible number of equity shares that can be bought back by GILDY & TULSI Ltd. is 3.3 crores shares.
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Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.?
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Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.?.
Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.?.
Solutions for Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.? in English & in Hindi are available as part of our courses for B Com.
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Here you can find the meaning of Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.? defined & explained in the simplest way possible. Besides giving the explanation of
Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.?, a detailed solution for Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.? has been provided alongside types of Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.? theory, EduRev gives you an
ample number of questions to practice Illustration 1A (Computation of the maximum number of equity shares permissible for buyback):On 31 March, 2022, GILDY & TULSI Ltd. (listed) has, inter alia, the following items with their respective amounts:ParticularsRs.in crores(a)Equity shares of Rs. 10 each fully paid(b)10% redeemable Preference Shares of Rs. 100 each fully paid-up330,70,90 (c)Securities Premium240 20,50(d)General Reserve(e)Profit and Loss Account(f)Capital Redemption Reserve Account 1,200(g)DebtBased on the above, you are required to compute the maximum permissible number of equity shares that can be bought back.The company has offered the buy-back price of.Rs. 30 per equity share.? tests, examples and also practice B Com tests.
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