200 shares of Rs. 100 each issued at a premium of Rs.10 were forfeited for the non-payment of allotment money of Rs. 60 (including premium) per share. The first and final call of Rs. 20 per share on these shares were not made. The forfeited shares were reissued at Rs. 70 per share as fully paid-up. Capital reserve created after reissue will be:
Held on 4 Jun 2025 · Verified 13 Jul 2026.
Rs. 60,000
Rs. 30,000
Zero
Rs. 15,000
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Amount of discount allowed on the reissue of forfeited shares cannot exceed the amount that has:-
The period of how many month/months must elapse between two calls.
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