Question : Sharma Ltd. forfeited 10,000 equity shares of 100 each for non-payment of the final call of 30 per share. what is the maximum discount that can be allowed at the time of re-issue of forfeited shares?

Option 1: Rs.7,00,000

Option 2: Rs.10,00,000

Option 3: Rs.12,00,000

Option 4: Rs.70,000

Question : Somya Ltd. forfeited 10,000 equity shares of Rs.100 each issued at a premium of 20% for non-payment of final call of Rs.40 per share. What is the minimum amount of shares these shares can be reissued.

Option 1: Rs.4,00,000

Option 2: Rs.2,40,000

Option 3: Rs.6,00,000

Option 4: Rs.10,00,000

Question : Aaryan Ltd. forfeited 3,000 equity shares of Rs.100 each issued for non-payment of final call of Rs.30 per share. Calculate the amount of discount at which these shares can be reissued.

Option 1: Rs.2,10,000

Option 2: Rs.2,40,000

Option 3: Rs.6,00,000

Option 4: Rs.6,50,000

Question : Pragya Ltd. forfeited 8,000 equity shares of Rs. 100 each issued at a premium of 10% for non-payment of first and final call of Rs. 30 per share. The maximum amount of discount at which these shares can be reissued will be:  

Option 1: Rs. 3,20,000

Option 2: Rs. 5,60,000

Option 3: Rs. 2,40,000

Option 4: Rs. 1,10,000

Question : At the time of re-issue of shares. The allowed amount of discount on re-issue of shares will be________________.

Option 1: @ 20% of issue price

Option 2: Up to the amount of forfeited money

Option 3: Could not issue at discount

Option 4: None of these

Question : On 1st April, 2012, Vishwas Ltd. was formed with an authorised capital of  Rs. 10,00,000 divided into 1,00,000 equity shares of  Rs. 10 each. The company issued prospectus inviting applications for 90,000 equity shares. The company received applications for 85,000 equity shares. During the first year,  Rs. 8 per share were called. Ram holding 1,000 shares and Shyam holding 2,000 shares did not pay the first call of  Rs. 2 per share. Shyam's shares were forfeited after the first call and later on 1,500 of the forfeited shares were reissued at  Rs. 6 per share,  Rs. 8 called-up.

Question:- Amount of share capital is ________.

Option 1: Rs. 10,00,000

Option 2: Rs. 6,77,000

Option 3: Rs. 6,76,000

Option 4: None of these