16 Ltd.’ invited applications for issuing 1,00,000 equity shares of < 10 each at a 8 ‘BMY premium of < 10 per share. The amount was payable as follows : On application < 10 per share (including < 5 premium) – On allotment The balance – The issue was fully subscribed. A shareholder holding 300 shares paid the full share money with application. Another shareholder holding 200 shares failed to pay the
16 ‘BMY Ltd.’ invited applications for issuing 1,00,000 equity shares of < 10 each at a premium of < 10 per share. The amount was payable as follows : On application – < 10 per share (including < 5 premium) On allotment – The balance The issue was fully subscribed. A shareholder holding 300 shares paid the full share money with application. Another shareholder holding 200 shares failed to pay the 8
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