On 1.1.2015, X Ltd. makes an issue of 1,00,000 equity shares of Rs. 100 each payable...

 

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On 1.1.2015, X Ltd. makes an issue of 1,00,000 equity shares of Rs. 100 each payable as follows: Rs. Application20 Allotment 30 (3 months after allotment) Final Call 50 shares and the directors refunded the excess application money. One shareholder, who was allotted 2,000, shares paid first and final call with allotment money and another shareholder did not pay allotment money on his 3,000 shares but which he paid with first and final call. Directors have decided to charge and allow interest, according to the Table F of Schedule I to the Companies Act, 2013. The amount of interest on calls-in-advance A Rs. 3,000 B Rs. 2,500 с Rs. 1,800 Applications were received for 1, 20,000 D Rs. 1,500 On 1.1.2015, X Ltd. makes an issue of 1,00,000 equity shares of Rs. 100 each payable as follows: Rs. Application20 Allotment 30 (3 months after allotment) Final Call 50 shares and the directors refunded the excess application money. One shareholder, who was allotted 2,000, shares paid first and final call with allotment money and another shareholder did not pay allotment money on his 3,000 shares but which he paid with first and final call. Directors have decided to charge and allow interest, according to the Table F of Schedule I to the Companies Act, 2013. The amount of interest on calls-in-advance A Rs. 3,000 B Rs. 2,500 с Rs. 1,800 Applications were received for 1, 20,000 D Rs. 1,500

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Interest on Calls in Advance Number of Shares All otted x ... View the full answer