Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable as follow :
On Application Rs. 4 per share
On Application Rs. 3 per share
and Balance on 2 calls
The issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to 60,000 shares while remaining were returned.
The portion of capital which the company does not issue to the public is known as :
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Unissued Capital
NCERT (2026-27 edition):
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