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Bliss Products Ltd.registered with capital of Rs90,00,000 divided into 90,000 equity shares of Rs100 each. The company issued prospectus inviting applications for 50,000 equity shares of Rs.100each payable as Rs. 20on application, Rs. 30on allotment, Rs20on first call and balance on second call.
Applications were received for 40,000 shares. Raman to whom 1600 shares were allotted failed to pay final call moneyand these shares were forfeited. Of the forfeited shares, 600 shares were reissued to Sukhman,credited as fully paid for Rs90 per share. Present the Share Capital as per Schedule III of Companies Act, 2013
By: Kamal Kashyap ProfileResourcesReport error
Saumya Pareek
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