Who has given the following definition of a company?

"A company is a person, artificial, invisible, intangible and existing only in the eyes of law. Being a mere creation of law, it possesses only those properties which the charter of its creation confers upon it, either expressly or as incidental to its very existence".

In case of company limited by shares,

The Profit on reissue of forfeited shares is transferred to:

When a company does not have its own articles of association, provisions of which table will apply:

The Profit on reissue of forfeited shares is transferred to-

Bajaj Sales Ltd. issues 20,000 equity shares of Rs. 20 each to the public. The amount is payable as,

On application Rs. 4 per share

On allotment Rs. 4 per share

On first call Rs. 6 per share

On final call Rs. 6 per share

All money has been received on shares. Only one shareholder, who has 200 shares could not pay allotment money and his shares have been forfeited before making first call. Forfeited shares have been re-issued at Rs. 18 fully paid-up. What is the amount of capital reserve?

As a general rule, a company cannot ordinarily issue shares at ..................?