Sugandh Ltd. issued 60,000 shares of Rs. 10 each at a premium of Rs. Per share payable as Rs. 3 on application, Rs. 5 (including premium) on allotment and the balance on first and final call. Applications were received for 92,000 shares. The Directors resolved to allot as:
`{:("(i) Applicants of 40,000 shares",,"30,000 shares,"),("(ii) Applicants of 50,000 shares",,"30,000 shares,"),("(iii) Applicants of 2,000 shares",,"Nil."),(,,):}`
Mohan, who had applied for 800 shares in Category (i) and Sohan, who was allotted 600 shares in Category (ii) failed to pay the allotment money. Calculate amount received on allotment.

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Correct Answer - Amount received on allotment-Rs. 2,05,800.

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