Question

Ambrish Ltd offered 2,00,000 Equity Shares of ₹10 each, of these 1,98,000 shares were subscribed. The amount was payable as ₹3 on application, ₹4 an allotment and balance on first call. If a shareholder holding 3,000 shares has defaulted on first call, what is the amount of money received on first call?

Options

• ₹9,000

• ₹5,85,000

• ₹5,91,000

• ₹6,09,000

Answer 1

₹5,85,000