BCD Ltd. invited applications for 100000 shares of ₹10 each which is payable as follows-
Application - ₹2
Allotment - ₹3
First and final Call - Balance amount
Applications for 300000 shares is received by the company. Company made pro-rata on the all applicants and adjust excess money towards allotment only. Mr. A shareholder who had applied for 3000 shares failed to pay call money due to which company forfeited his shares and reissued at ₹8 per share as fully paid.

How much money is received by company on first and final call?

₹495000

Per share amount on call = 10 - 2(application)- 3(allotment)
                                        = ₹5
Mr. A did not pay call amount on his shares
He applied for 3000 shares
Shares allotted to him = 100000/300000 x 3000
                                    = 1/3 x 3000
                                    = 1000
Money received on first and final call on (100000 - 1000) shares means 99000 shares
Total amount received on call = 99000 x 5
                                              = ₹495000