Based on following, answer question.

High Light India Ltd. invited applications for 30,000 shares of ₹100 each at a premium of ₹20 per share payable as follows:

Applications were received for 40,000 shares and pro-rata allotment was made on the application for 35,000 share. Excess application money was utilised towards allotment.

Rohan to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment.

Aman who applied for 1,050 shares failed to pay first call and his share were forfeited immediately after first call.

Second and final call was made. All the money due on second call have been received.

Of the shares forfeited, 1,000 share were reissued as fully paid-up for ₹80 per share, which included the whole of Aman's shares.

Money received on share First Call is:

₹8,55,000

The correct answer is Option (3) - ₹8,55,000.

First Call money due on = 30000 - 600(forfeited shares of Rohan)
                                   = 29,400 shares

Money due on call = 29,400 × 30
                           = 8,82,000

Aman applied for 1050 shares.
Alloted shares to Aman = 30000/35000 x 1050
                                  = 900

Money not received on call = 900 × 30
                                       = 27,000

Amount received on first call = 882000 - 27000
                                          = ₹855000