CUET Preparation Today
| Superb Limited issued Equity shares of the value ₹ 3,00,000, the face value being 10 each at a premium of 20%. The amount payable was- Application-30% Allotment-50% (including premium) Two calls - Equal amount Pro-Rata allotment was done to all applicants of 40,000 shares. Ramit who applied for 80 shares failed to pay both calls and his shares were subsequently forfeited. |
The amount received on applications adjusted towards allotment is: |
₹90,000 ₹3,000 ₹30,000 ₹12,00,000 |
₹30,000 |
30000 shares are issued. |
