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XYZ Ltd. Share Allotment and Forfeiture Analysis by Archit is a document available to read on EtoBox.
XYZ Ltd. issued a prospectus for 2,000 shares at a premium, receiving applications for 3,000 shares and allotting 2,400 shares pro rata. Two shareholders, X and Y, failed to pay their allotment and calls, resulting in the forfeiture of their shares. The forfeited shares were sold to Z for a total of 80 shares, leading to a capital reserve of t 400 and a balance sheet total of t 28,008.
- Author
- Archit
- Language
- EN