Zee Ltd. Forfeited shares of a person who applied for 1000 shares of Rs 10 each for non payment of allotment money and final call of Rs 5 and Rs 3 respectively. These shares belong to category ii (4000 shares alloted on 8,000 shares) , in which pro rata allotment was made. How much amount was NOT received on allotment?

₹2,500 ₹1,500 ₹5,000 ₹3,000

₹1,500

"Share alloted = Total share allotted * No. of shares applied/ Total share applied = 4,000 * 1000/8,000 = 500 Money received = 1000*2 = 2,000 Share capital - 500 * 2= 1,000 Allotment due - 500*5 = 2,500 Less : Advance received - 1,000 Allotment money not paid - 1,500"