Company isued 60,000 Shares @10 each with discount rs 1 Payment made as following...
Application- RS. 3
allotment - RS.4
Final Call - RS. 2
Application Money Recieved for 1,00,000 and 25,000 applicants were rejected Access Money Adjusted towards allotment.
A Shareholder Holding 500 Shares did not pay.
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