SQ Ltd. forfeited 300 shares of ₹ 10 each. The amount forfeited was ₹ 2,700. What will be the maximum discount per share at which these shares can be reissued?
Show Hint
- ₹ 9
- ₹ 1
- ₹ 3
- ₹ 2
The Correct Option is A
Solution and Explanation
This forfeited amount can be used to allow a discount while reissuing the shares, but only up to the amount originally received.
Given:
- Number of shares forfeited = 300
- Face value per share = ₹ 10
- Total forfeited amount = ₹ 2,700
To calculate the maximum discount per share, we divide the total forfeited amount by the number of shares:
\[ \text{Maximum discount per share} = \frac{2700}{300} = ₹ 9 \]
Hence, the company can reissue these shares at a price as low as ₹ 1 per share (₹ 10 - ₹ 9 discount).
This complies with the Companies Act which states that the discount allowed on reissue cannot exceed the forfeited amount.
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शिवालिक की सूखी नीसर पहाड़ियों पर मुस्कुराते हुए ये वृक्ष खड़ेताली हैं, अलमस्त हैं~।
मैं किसी का नाम नहीं जानता, कुल नहीं जानता, शील नहीं जानता पर लगता है,
ये जैसे मुझे अनादि काल से जानते हैं~।
इनमें से एक छोटा-सा, बहुत ही भोला पेड़ है, पत्ते छोटे भी हैं, बड़े भी हैं~।
फूलों से तो ऐसा लगता है कि कुछ पूछते रहते हैं~।
अनजाने की आदत है, मुस्कुराना जान पड़ता है~।
मन ही मन ऐसा लगता है कि क्या मुझे भी इन्हें पहचानता~?
पहचानता तो हूँ, अथवा वहम है~।
लगता है, बहुत बार देख चुका हूँ~।
पहचानता हूँ~।
उजाले के साथ, मुझे उसकी छाया पहचानती है~।
नाम भूल जाता हूँ~।
प्रायः भूल जाता हूँ~।
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