Rs 100 per share ........

Companies Act-Phase (I & II) Prospectus

Rs. 100/- per share

Mr. A, a shareholder of XYZ Limited holds 200 equity shares of company with face value of Rs. 100/- each, issued at premium of Rs 10/- per share. He has already paid 30/- per share, now his liability will be limited to:

Rs. 80/- per share (Rs. 70/- + Rs. 10/- as premium)

Rs. 30/- per share

Rs. 70/- per share

None of the above

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Explanation:

As per Section 2(22) of Companies Act, 2013, company limited by shares means a company having liability of its members limited upto the nominal value of the shares held by them. In the above case the nominal value is Rs. 100/- per share and Mr. A has already paid Rs. 30/- so, the liability will be 70/- per share.