Question

Ravi is a shareholder at Sarang Ltd., holding 5,000 shares of ₹ 20 each. He paid only the application money of ₹ 5, including a premium of ₹ 1. His shares were forfeited after the Final Call was made.

The maximum discount per share that can be offered by Sarang Ltd. to re-issue the forfeited shares is ______.

विकल्प

• ₹ 1

• ₹ 4

• ₹ 5

• ₹ 15

Answer 1

Ravi is a shareholder at Sarang Ltd., holding 5,000 shares of ₹ 20 each. He paid only the application money of ₹ 5, including a premium of ₹ 1. His shares were forfeited after the Final Call was made.

The maximum discount per share that can be offered by Sarang Ltd. to re-issue the forfeited shares is 4.

Explanation:

Amount Forfeited = Total Paid − Premium

Amount Forfeited = 5 − 1

= 4