Y Ltd. forfeited 100 equity shares of Rs. 10 each for non-payment of first call of Rs. 2 per share. The final call of Rs. 2 per share was yet to be ma

Monjur Alahi

Y Ltd. forfeited 100 equity shares of Rs. 10 each for 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 reissued.


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Salim Ahmed Kawsar

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Correct Answer - Rs. 6 per share

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