Question

The subscribed capital of a company is ₹80 00,000 and the nominal value of the share is ₹100 each. There were no calls in arrear till the final call was made. The final call made was paid on 77,500 shares only. The balance in the calls in arrear amounted to ₹62,500. Calculate the final call on share.

Options

• ₹7

• ₹20

• ₹22

• ₹25

Answer 1

₹25

Explanation:

Subscribed Capital
Subscribed Capital = ₹80,00,000
Nominal value per share = ₹100
Total number of subscribed shares = 80,00,000 ÷ 100
= 80,000 shares

Final Call Situation
Final call was paid on 77,500 shares
Therefore, 2,500 shares did not pay the final call (80,000 – 77,500 = 2,500 shares).

Calls in Arrear
Balance in Calls in Arrear = ₹62,500
This arrear relates to 2,500 shares.
So, Final Call per share = 62,500 ÷ 2,500 
= ₹25 per share