Question
6. Vihaan Ltd. issued 25,000 equity shares of Rs. 100 each. The amount was payable as follows:
1. On application - Rs. 30 per share
2. On allotment - Rs. 20 per share
3. On first and final call - The balance
Applications for 22,500 shares were received and shares were allotted to all the applicants. Priya to whom 250 shares were allotted, paid her entire share money at the time of allotment, whereas Anuraag did not pay the first and final call on his 150 shares. Calculate the amount received at the time of making first and final call.