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Do you think that Calls in Advance is a part of Share Capital?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

No. It is not a part of Company’s Share Capital and no dividend is payable on the amount of Calls in advance.



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Previous PostD Ltd. invited applications for issuing 10,00,000 equity shares of Rs. 10 each. The public applied for 8,55,000 shares. Can the company proceed for the allotment of shares? Give reason in support of your answer. (C.B.S.E. 2014. Outside Delhi).
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