question_answer

You are required to answer the following questions 31 to 34:

M Ltd. offered 1,05,000 equity shares of Rs.10 each payable as:

Rs.3 on application; Rs.4 on allotment and Balance on 1st & final call.

Applications were received in excess and allotment was made as follows:

(a) Applicants of 30,000 shares..................................................Nil

(b) Applicants of 12,000 shares..................................................Full Allotment

(c) Applicants of 9,000 shares....................................................Allotted 6,000 Shares

(d) Applicants of 60,000 shares..................................................Allotted 15,000 Shares

(e) Applicants of 90,000 shares..................................................Allotted 18,000 Shares

(f) Applicants of 1,50,000 shares ...............................................Allotted 24,000 Shares

(g) Applicants of 1,80,000 shares ..............................................Allotted 30,000 Shares

Excess application money received on application was adjusted towards allotment and call.

Application money received by the company:.

A) 15,93,000

B) 16,00,000

C) 15,00,000 

D) 16,93,000