Y Ltd. forfeited 100 equity shares of Rs. 10 each for the non-payment of first call of Rs. 2 per share. The final call of Rs. 2 per share was yet to be made. Calculate the maximum amount of discount at which these shares can be re-issued. (C.B.S. E. 2017. Delhi)


Maximum amount of discount which can be allowed on reissue of 100 shares = 100 x 6 = Rs. 600.

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