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Vikram Ltd. forfeited 5,000 shares of Rahul, who had applied for 6,000 shares for non-payment of allotment money of Rs. 5 per share and first and final call of Rs. 2 per share. Only application money of Rs. 3 was paid by him. Out of these 3,000 shares were re-issued @ Rs. 12 per share as fully paid.