Practicing Success
A company with registered capital ₹50,00,000 (1,00,000 Equity Shares of ₹50 each) was incorporated. The company issued 60,000 equity shares at a premium of ₹5 per share payable as ₹20 on application, ₹25 (including premium) on allotment, and balance as First and Final Call. Subscription for shares was for 1,10,000 shares and allotment was made as follows: |
How many shares were applied by Vishwas? |
500 600 800 900 |
800 |
Vishwas alloted 600 shares |