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On first April authorised capital of 1 crore divided into 2 lakh equity shares of rupees 58 the company issued inviting application for 110000 equity shares of base 50 each the issue was fully subscribe the company did not make the final call application Rs 15 allotment rupees 20 the company did not make the call during the year make the balance?
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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. It issued 1,10,000 equity shares, which were fully subscribed.
Capital Structure
- Authorized Capital: Rs. 1 crore
- Number of Shares: 2 lakh shares
- Face Value per Share: Rs. 50
Share Issuance Details
- Shares Issued: 1,10,000 equity shares
- Amount per Share: Rs. 50
- Total Amount Raised: 1,10,000 shares * Rs. 50 = Rs. 55,00,000
Application and Allotment
- Application Money: Rs. 15 per share
- Allotment Money: Rs. 20 per share
- Total Money Received on Application and Allotment:
- Application: 1,10,000 * 15 = Rs. 16,50,000
- Allotment: 1,10,000 * 20 = Rs. 22,00,000
- Total Received: Rs. 38,50,000
Calls on Shares
- Final Call: Not made
- Call Money: Rs. 15 per share (not called)
Outstanding Amount
- Total Due per Share: Rs. 50 (Face Value)
- Amount Received: Rs. 35 (Application + Allotment)
- Outstanding per Share: Rs. 15 (Call not made)
Financial Summary
- Total Shares Issued: 1,10,000
- Total Outstanding Amount: 1,10,000 * Rs. 15 = Rs. 16,50,000
This summary highlights the financial position of the company regarding the equity shares issued. The outstanding balance reflects the amount yet to be called on the shares.
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On first April authorised capital of 1 crore divided into 2 lakh equity shares of rupees 58 the company issued inviting application for 110000 equity shares of base 50 each the issue was fully subscribe the company did not make the final call application Rs 15 allotment rupees 20 the company did not make the call during the year make the balance?
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On first April authorised capital of 1 crore divided into 2 lakh equity shares of rupees 58 the company issued inviting application for 110000 equity shares of base 50 each the issue was fully subscribe the company did not make the final call application Rs 15 allotment rupees 20 the company did not make the call during the year make the balance? 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 rupees 58 the company issued inviting application for 110000 equity shares of base 50 each the issue was fully subscribe the company did not make the final call application Rs 15 allotment rupees 20 the company did not make the call during the year make the balance? 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 rupees 58 the company issued inviting application for 110000 equity shares of base 50 each the issue was fully subscribe the company did not make the final call application Rs 15 allotment rupees 20 the company did not make the call during the year make the balance?.
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