Uncalled capital shall be called as full and the share capital to be reduced to rs 7.5 and the rest will transfer to internal reconstruction

B gets rs 90000 for all his debts

The difference between nominal value of share and issued price shall be accounted as premium

75% of creditors get 4 shr of 7.5 at rs 60 and the rest will be payable for three years

CA Inter doubt

Pls solved this

Asked by Nirali14 Aug 2024442 views

4 answers

Ritik · 14 Aug 2024
Uncalled capital shall be called as full and the share capital to be reduced to rs 7.5 and the rest will transfer to internal reconstruction
Ritik · 14 Aug 2024
B gets rs 90000 for all his debts
Ritik · 14 Aug 2024
The difference between nominal value of share and issued price shall be accounted as premium
Ritik · 14 Aug 2024
75% of creditors get 4 shr of 7.5 at rs 60 and the rest will be payable for three years

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