Which of the following is not a feature of the company ?

The directors of Roly Paper Limited decided that 400 equity shares of Rs.100 each be forfeited for non-payment of the second and final call of Rs.30 per share. Out of these, 150 shares were re-issued at Rs.50 per share to Mohita. Necessary journal entry for Profit on reissue forfeited shares transferred to capital reserve will be?

On Reissue of 500 forfeited shares as fully paid at Rs. 8 per share, what amount will be debited to Shares Forfeiture Account?

When a company reserve a portion of its uncalled capital to be called in the event of winding up, such uncalled capital is known as:-

A company can accept calls in advance, if authorised by:

The maximum amount that can be called up on the first call by the company is :

The directors of a company forfeited 400 equity shares of Rs. 10 each fully called up on which Rs. 1,600 had been paid. All the forfeited shares were reissued upon payment of Rs. 3,000. Calculate the amount transferred to Capital Reserve