Moon Company Ltd., New Delhi, has registered its capital as Rs. 50,00,000, divided into 5,00,000 shares of Rs. 10 each. The company offered to the public for subscription 3,00,000 shares of Rs. 10 each, to be received as Rs. 2 on application, Rs. 3 on allotment, Rs. 3 on first call, and the balance on final call,. The company received applications for 3,50,000 shares. The company finalized the allotment of 3,00,000 shares and rejected applications for 50,000 shares. The company did not make the final call. The company received all amounts except on 2,000 shares where first call money has not been received. What will be the Authorised share capital and issued share capital amounts to be shown in the Notes to Accounts of the balance sheet of Moon Company Ltd.

Varun Ltd. forfeited 40,000 equity shares of Rs. 100 each for non-payment of first and final call of Rs. 40 per share. The maximum amount of discount per share at which these shares can be re-issued will be :-

In addition to the purchase of own shares by a company and to issue fully paid bonus shares, for which of the following purposes security premium account balance could be used?

(A) To write-off preliminary expenses of the company.

(B) To pay premium on the redemption of preference shares or debentures of the company.

(C) To write-off the expenses of, or commission paid, or discount allowed on any securities of the company

(D) To pay the issue price of debentures.

Choose the correct answer from the options given below:

Raghu Ltd. invited applications for 2,50,000 equity shares of Rs. 25 each payable as under: On Application Rs. 5.00 per share, on Allotment Rs. 7.50 per share, on First Call Rs. 7.50 per share; and on Second and Final Call Rs. 5.00 per share. Applications were received for 5,00,000 shares. The directors decided to make a pro-rata allotment to all the applicants and adjust the excess application money towards the amount due on allotment and to refund the amount remaining thereafter. What amount will be adjusted towards sum due on allotment ?

From the following, which is not a feature of a company?

The issued capital of the company cannot be more than __________ capital.

Vijeta Limited took over assets worth Rs. 10,00,000 and liabilities of Rs. 3,00,000 from Gupta Ltd. for a purchase consideration of Rs. 12,00,000. Vijeta Ltd. has given a bill of Rs. 2,00,000 and agreed to settle the remaining purchase consideration by issuing shares at a premium of 25% on face value of Rs. 100 per share. How much amount will be credited to the securities premium reserve account in this case?