A Ltd. Forfeited 100 equity shares of Rs. 10 each issued at a premium of 20% for non-payment of final call of Rs. 5 including premium. State the maxim

Question

A Ltd. Forfeited 100 equity shares of Rs. 10 each issued at a premium of 20% for non-payment of final call of Rs. 5 including premium. State the maxim

A Ltd. Forfeited 100 equity shares of Rs. 10 each issued at a premium of 20% for non-payment of final call of Rs. 5 including premium. State the maximum amount of discount at which these shares can be reissued.

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

These shares can be reissued up to a discont of Rs. 7 per share or Rs. 700.

7 views Answered 2023-02-05 15:29