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 much amount is not received from Nikhil? |
₹4000 ₹5000 ₹6000 ₹7000 |
₹5000 |
Applied by Nikhil= 1000 |