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प्रश्न
Draft a letter of allotment of shares to the applicant.
उत्तर
Specimen of letter of allotment of shares is given as follows : TASAI INDUSTRIES LIMITED 29,
Palm View, M.G. Road,
Aurangabad-431002
Tel. No. 22325549
Fax No. 22325353
Ref. No. 37/AL/1204/15
E-mail : [email protected].
Date : 15th July, 2016
To
Dr. Ashok Narkarni
504, 'C' Wing. Siddhivinayak Annexe,
Sun Mill Lane, S.J. Marg,
Lower Parel, Mumbai-400013.
Sub : Issue of 10,00,000 Equity shares of ` 10 each
`"With reference to your application"No. 00117 dated 10th June, 2016, we are pleased to inform you that the Board of Directors by their Resolution No. 36 adopted at the Board meeting held on 1st July, 2016, have allotted you 150 equity shares of ` 10 each bearing number 3001 to 3150. The details of allotment are shown in the following schedule :
| No. of Shares applied | No. of Shares allotted | Distinctive numbers of shares | Amount received as application money (` 3 per share) | Amount due on allotment (` 2 per shares) |
| 150 | 150 | 3001 to 3150 | rs 450 | rs300 |
The shares have been allotted in accordance with the rules laid down by the Securities and Exchange Board of India (SEBI) and with the permission of Bombay Stock Exchange (BSE). You are requested to pay a sum of ` 300 (Rupees Three Hundred only) being the amount due on allotment to the company's bankers, the Union Bank of India, at any of its branches on or before 16th August, 2016. The Share Certificate for the shares will be ready in due course. Please note that share certificate will be issued in exchange of this letter of allotment and the receipt for allotment money paid.
Thanking you.
Your faithfully
ForTASAI INDUSTRIES LTD.
Sd/ ...................
Secretary
संबंधित प्रश्न
The type of shareholders who can participate in the management of the company.
Equity shareholders are real owners and controllers of the company
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Pass necessary Journal Entries in the books of Jain Ltd.
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Define 'preference shares'. Explain various types of preference shares.
State, with reason, whether the following statement is True or False.
Preference shareholders do not enjoy normal voting rights.
Select the proper option from the option given below and rewrite the sentences:
If a share of 100 is issued at 110. It is said to be issued at ___________.
Match the correct pairs.
| Group A | Group B | ||
| a) | Equity share capital | 1) | Link between depository and investor. |
| b) | Transfer of shares | 2) | Redeemable capital. |
| c) | Depository participant | 3) | Optimistic about rise in prices of securities. |
| d) | Bonus share | 4) | Conversion into equity shares. |
| e) | Bear | 5) | Capitalisation of profit. |
| 6) | Sale or gift of shares to another person. | ||
| 7) | Pessimistic about fall in prices of securities. | ||
| 8) | Permanent capital | ||
| 9) | Transfer of shares by operation of law. | ||
| 10) | Link between SEBI and depository. |
Write a word or term or phrase which can substitute each of the following statements:
The use of borrowed capital for financing a business firm.
A company must issue __________ shares.
Long Answer Question
What is a ‘Preference Share’? Describe the different types of preference shares.
The Adersh Control Device Ltd was registered with the authorised capital of Rs 3,00,000 divided into 30,000 shares of Rs 10 each, which were offered to the public. Amount payable as Rs 3 per share on application, Rs 4 per share on allotment and Rs 3 per share on first and final call. These share were fully subscribed and all money was dully received. Prepare journal and Cash Book.
A limited company offered for subscription of 1,00,000 equity shares of Rs 10 each at a premium of Rs 2 per share. 2,00,000. 10% Preference shares of Rs 10 each at par. The amount on share was payable as under :
|
|
Equity Shares |
Preference Shares |
|
On Application |
Rs 3 per share |
Rs 3 per share |
|
On Allotment |
Rs 5 per share |
Rs 4 per share |
|
|
(including a premium) |
|
|
On First Call |
Rs 4 per share |
Rs 3 per share |
All the shares were fully subscribed, called-up and paid. Record these transactions in the journal and cash book of the company:
Sangam Ltd. invited applications for 10,000 Equity Shares of ₹ 100 each issued at par. The amount was payable on application. The issue was oversubscribed by 2,000 shares and allotment was made on pro rata basis. Pass necessary Journal entries.
'Amrit Dhara Ltd.' issued 800 Equity Shares of ₹ 100 each at a premium of 25% as fully paid-up in consideration of the purchase of plant and machinery of ₹ 1,00,000.
Pass entries in company's Journal.
Goodluck Ltd purchased machinery costing ₹ 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of ₹ 10 each at a premium of 25%.
Pass necessary Journal entries for the above transactions in the books of Goodluck Ltd.
Sona Ltd. purchased machinery costing ₹ 17,00,000 from Mona Ltd. Sona Ltd. paid 20% of the amount by cheque and for the balance amount issued Equity Shares of ₹ 100 each at a premium of 25% . Pass necessary Journal entries for the above transactions in the books of Sona Ltd .Show your working notes clearly.
Sandesh Ltd. took over the assets of ₹ 7,00,000 and liabilities of ₹ 2,00,000 from Sanchar Ltd. for a purchase consideration of ₹ 4,59,500. ₹ 8,500 were paid by accepting a draft in favour of Sanchar Ltd. payable after three months and the balance was paid by issue of equity shares of ₹ 10 each at a premium of 10% in favour of Sanchar Ltd.
Pass necessary journal entries for the above transactions in the books of Sandesh Ltd.
State, with reason, whether the following statement is True or False.
Preference shareholders have normal voting rights.
Write any four features of equity shares.
