Neera Ltd. is registered with an authorised capital of ₹2,00,00,000 divided into equity shares of ₹10 each. The company invited applications for issuing 2,00,000 equity shares at a premium of ₹2 per share. Applications were received for 1,95,000 shares and allotment was made to all the applicants. All calls were made and duly received except the final call of ₹2 per share on 5,000 shares. The company forfeited these shares.
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