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On first April authorised capital of 1 crore divided into 2 lakh equity shares of 58 the company issued inviting application for one lakh 80000 equity share of rupees 50 each the issue was fully subscribe the company did not make the final call application 15₹ allotment Rs 20 rupees the company did not make the call during the year?
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On first April authorised capital of 1 crore divided into 2 lakh equit...
Company Overview
The company has an authorized capital of 1 crore, divided into 2 lakh equity shares of Rs. 50 each. On April 1, the company issued an invitation to apply for 1,80,000 equity shares at Rs. 50 each.
Share Subscription Details
- The issue was fully subscribed, indicating strong investor interest.
- The application amount was Rs. 15 per share.
- Allotment amount was Rs. 20 per share.
Financial Implications
- Total shares issued: 1,80,000
- Amount collected from applications: 1,80,000 shares x Rs. 15 = Rs. 27,00,000
- Amount collected from allotment: 1,80,000 shares x Rs. 20 = Rs. 36,00,000
Calls Not Made
- The company did not make the final call, which means that the remaining amount of Rs. 15 per share has not been collected.
- As a result, the total outstanding amount from the shares issued remains uncollected.
Conclusion
- The decision not to make the final call indicates a strategic choice by the company, possibly to maintain cash reserves or due to market conditions.
- This situation requires careful monitoring of the company’s liquidity and shareholder relations, as unpaid calls can affect future funding and operational capabilities.
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On first April authorised capital of 1 crore divided into 2 lakh equity shares of 58 the company issued inviting application for one lakh 80000 equity share of rupees 50 each the issue was fully subscribe the company did not make the final call application 15₹ allotment Rs 20 rupees the company did not make the call during the year?
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On first April authorised capital of 1 crore divided into 2 lakh equity shares of 58 the company issued inviting application for one lakh 80000 equity share of rupees 50 each the issue was fully subscribe the company did not make the final call application 15₹ allotment Rs 20 rupees the company did not make the call during the year? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about On first April authorised capital of 1 crore divided into 2 lakh equity shares of 58 the company issued inviting application for one lakh 80000 equity share of rupees 50 each the issue was fully subscribe the company did not make the final call application 15₹ allotment Rs 20 rupees the company did not make the call during the year? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On first April authorised capital of 1 crore divided into 2 lakh equity shares of 58 the company issued inviting application for one lakh 80000 equity share of rupees 50 each the issue was fully subscribe the company did not make the final call application 15₹ allotment Rs 20 rupees the company did not make the call during the year?.
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