The liability of a shareholder in a company is limited to the extent of the _________ of shares
Application money
Allotment money
Issue Price
Market Price
The liability of a shareholder in a company is limited to the extent of the issue price of shares.
A company issue 5,000 12% debentures of Rs. 100 each at par, payabale as follows: On Application : 20 On Allotment : 80 How much money is received in allotment stage if all the moneys are duly received?