UPSC Exam > UPSC Questions > Bharat limited purchases certain patents from...
Start Learning for Free
Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each
including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months
. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received?
including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months
. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received?
Most Upvoted Answer
Bharat limited purchases certain patents from sharp and short under an...
Transaction Overview
Bharat Limited entered into an agreement on June 30, 2024, to acquire patents from Sharp and Short for a total cost of ₹40,000. The payment structure included both cash and equity shares.
Payment Structure
- Cash Payment:
- ₹1,000 paid upfront in cash to Sharp and Short.
- Equity Shares:
- The remaining balance was settled through the issuance of fully paid equity shares.
Details of Share Issuance
- Total Issued Capital:
- ₹75,000 was issued, comprising:
- ₹50,000 in equity shares (5,000 shares of ₹10 each).
- Payment Breakdown:
- ₹3 on application
- ₹3 on allotment
- ₹4 at the end of 3 months
- ₹25,000 in 10% preference shares (2,500 shares of ₹10 each).
- Payment Breakdown:
- ₹4 on application
- ₹3 on allotment
- ₹3 at the end of 3 months
Patents Transfer and Subscription
- Date of Patent Transfer:
- The patents were officially transferred to Bharat Limited on July 9, 2024.
- Subscription Status:
- All shares issued to the public were fully subscribed.
- All called money was duly received from subscribers.
Conclusion
This transaction reflects a strategic move by Bharat Limited to enhance its intellectual property through a structured payment plan involving both cash and equity. The successful subscription of shares underscores confidence from the public in the company's prospects and financial health.
Bharat Limited entered into an agreement on June 30, 2024, to acquire patents from Sharp and Short for a total cost of ₹40,000. The payment structure included both cash and equity shares.
Payment Structure
- Cash Payment:
- ₹1,000 paid upfront in cash to Sharp and Short.
- Equity Shares:
- The remaining balance was settled through the issuance of fully paid equity shares.
Details of Share Issuance
- Total Issued Capital:
- ₹75,000 was issued, comprising:
- ₹50,000 in equity shares (5,000 shares of ₹10 each).
- Payment Breakdown:
- ₹3 on application
- ₹3 on allotment
- ₹4 at the end of 3 months
- ₹25,000 in 10% preference shares (2,500 shares of ₹10 each).
- Payment Breakdown:
- ₹4 on application
- ₹3 on allotment
- ₹3 at the end of 3 months
Patents Transfer and Subscription
- Date of Patent Transfer:
- The patents were officially transferred to Bharat Limited on July 9, 2024.
- Subscription Status:
- All shares issued to the public were fully subscribed.
- All called money was duly received from subscribers.
Conclusion
This transaction reflects a strategic move by Bharat Limited to enhance its intellectual property through a structured payment plan involving both cash and equity. The successful subscription of shares underscores confidence from the public in the company's prospects and financial health.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received?
Question Description
Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received?.
Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received?.
Solutions for Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received? defined & explained in the simplest way possible. Besides giving the explanation of
Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received?, a detailed solution for Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received? has been provided alongside types of Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received? theory, EduRev gives you an
ample number of questions to practice Bharat limited purchases certain patents from sharp and short under an agreement dated the June 30, 2024 at a cost of ₹40000 which was paid ₹1000 in cash to the vendor and the balance in Puli ped equity shares of rupees 10 each including this year allotted as Puli paid to the vendor the company issued capital to the extend of₹ 75000 consisting of₹ 50000 in equity share of rupees 10 each (₹ 3 on application ,₹3 on allotment and ₹4 at the end of 3 months) and ₹25000 in 10% preference share of rupees 10 each (₹4 on application, ₹3 on allotment and ₹3 at the end of 3 months. under the agreement with shop and short the patent passed to the company on July 9 2024 which all the share were allotted to the public also all the share issued to the public were fully subscribed and all the money called duly received? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
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