Question : A Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application was Rs.2 per share. M applied for 840 shares. The number of shares allotted will be:

Option 1: 120 shares

Option 2: 680 shares

Option 3: 640 shares

Option 4: 600 shares

Question : Wasim Ltd. had allotted 5,000 shares to the applicants of 6,000 shares on pro-rata basis. The amount payable on application is Rs.3 per share. S applied for 300 shares. The amount carried forward for adjustment against allotment money due:

Option 1: Rs.200

Option 2: Rs.150

Option 3: Rs.300

Option 4: Rs.250

Question : Gupta Ltd. had allotted 20,000 shares to the applicants of 40,000 shares on a pro-rata basis. Mr. Naman allotted 1,400 shares. Calculate the number of shares applied by Mr. Naman

Option 1: 3,000 shares

Option 2: 2,800 shares

Option 3: 2,500 shares

Option 4: 3,200 shares

Question : MCS Ltd. issued 40,000 shares of  Rs. 10 each payable as  Rs. 2 per share on application,  Rs. 4 per share on allotment and the balance in two equal instalments.

Applications were received for 80,000 shares and the allotment was made as follows:

(a) Applicants of 50,000 shares were allotted 30,000 shares.

(b) Applicants of 30,000 shares were allotted 10,000 shares.

Neeraj, to whom 600 shares were allotted from Category (a), failed to pay the allotment money.

The amount that the company should receive on allotment _________.

Option 1: Rs 78,000

Option 2: Rs 79,000

Option 3: Rs 78,400

Option 4: Rs 80,000

Question : MCS Ltd. issued 40,000 shares of  Rs. 10 each payable as  Rs. 2 per share on application,  Rs. 4 per share on allotment and the balance in two equal instalments.

Applications were received for 80,000 shares and the allotment was made as follows:

(a) Applicants of 50,000 shares were allotted 30,000 shares.

(b) Applicants of 30,000 shares were allotted 10,000 shares.

Neeraj, to whom 600 shares were allotted from Category (a), failed to pay the allotment money.

The amount that the company should receive on allotment _________.

Option 1: Rs 78,000

Option 2: Rs 79,000

Option 3: Rs 78,400

Option 4: Rs 80,000

Question : Shagoon Ltd. issued 40,000 Shares of Rs. 10 each, for Rs. 12 each payable as under:

On application Rs. 2 per share, on allotment Rs. 5 per share (including premium), on first call Rs. 2 per share and on second and final call Rs. 3 per share.

Applications were received for 60,000 shares. Allotment was made on pro rata basis to the applicants for 48,000 shares, remaining applications being refused. Money overpaid on application was applied towards amount due on allotment.

Amrit, to whom 1,600 shares were allotted, failed to pay the allotment money.
The amount that company will not received on allotment _________.

Option 1:  Rs. 8,000

Option 2: Rs. 7,360

Option 3: Rs. 8,500

Option 4: Rs. 1,000