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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
Pass necessary journal entries in the following cases
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Jain Ltd. purchased Building for Rs 10,00,000 from Gupta Ltd. 10% of the payable amount was paid by a cheque drawn in favour of Gupta Ltd. The balance was paid by issue of Equity Shares of Rs 10 each at a discount of 10%.
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(a) Debt-Equity Ratio
(b) Working Capital Turnover Ratio and
(c) Return on Investment
Information: Equity Share capital Rs 10,00,000, General Reserve Rs 1,00,000; Profit and Loss Account after tax and interest Rs 3,00,000; 12% Debenture Rs 4,00,000; Creditors Rs 3,00,000; Land and Building Rs 13,00,000; Furniture Rs 3,00,000; Debtors Rs 2,00,00 and Cash Rs 1,10,000 and Preliminary expenses Rs 1,00,000
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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.
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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.
Rajan Ltd . purchased assets from Geeta & Co . for ₹ 5,00,000. A sum of ₹ 1,00,000 was paid by means of a bank draft and for the balance due Rajan Ltd. issued equity Shares of ₹ 10 each at a premium of 25%. journalise the above transactions in the books of the company.
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.
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Equity share holders are ______.
From the following Balance Sheets of Vinayak Ltd. as of 31st March 2021, Prepare a Common-size Balance Sheet.
| Vinayak Ltd. Balance Sheet as of 31st March, 2021 | |||
| Particulars | Note no. | 31.3.2021 (₹) | 31.3.2020 (₹) |
| I EQUITY AND LIABILITIES | |||
| 1. Shareholder’s Funds: | |||
| a. Share Capital | 30,50,000 | 20,00,000 | |
| b. Reserve and Surplus | 2,80,000 | 6,00,000 | |
| 2. Current Liabilities: | |||
| a. Trade Payable | 6,70,000 | 4,00,000 | |
| Total | 40,00,000 | 30,00,000 | |
| II ASSETS | |||
| 1. Non-Current Assets: | |||
| a. Fixed Assets: | |||
| i. Tangible Assets | 16,00,000 | 12,00,000 | |
| ii. Intangible Assets | 2,00,000 | 3,00,000 | |
| 2. Current Assets | |||
| a. Inventories | 8,00,000 | 3,00,000 | |
| b. Trade Receivables | 12,00,000 | 10,00,000 | |
| c. Cash and Cash Equivalents | 2,00,000 | 2,00,000 | |
| Total | 40,00,000 | 30,00,000 | |
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Ms. Rubina, a first-time investor, does not understand the difference between securities with voting rights and securities without voting rights.
Give any five differences between the two types of securities to help her understand the difference.
