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Forfeiture of Shares Allotted on Pro rata). A company issued 10,000 shares of Rs.10 each payable as Rs. 2 on application, Rs. 3 on allotment, Rs. 3 on first call and Rs.

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Kasthuri Ltd. had allotted 20,000 shares to applicants of 30,000 shares on a pro – rata basis. The amount payable was Rs. 1 on application, - Sarthaks eConnect | Largest Online Education Community

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