Question:medium
Merak Ltd. forfeited 6,000 equity shares of ₹10 each for non-payment of final call of ₹3 per share. The minimum amount per share at which these shares can be reissued will be:
Merak Ltd. forfeited 6,000 equity shares of ₹10 each for non-payment of final call of ₹3 per share. The minimum amount per share at which these shares can be reissued will be:
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When forfeited shares are reissued:
- Amount in Share Forfeiture A/c per share = Amount already received
- Maximum discount allowed = Amount in Share Forfeiture A/c
- Minimum reissue price = Face value - Maximum discount
Updated On: Mar 9, 2026
- ₹3
- ₹7
- ₹10
- ₹6
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The Correct Option is B
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