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what is calls-in-arrears?

Answer Posted / ashok kumar gupta

If any body purchase the share of a company whose per share
value is Rs.10 (Rs 2 on application,3 on first allotment &
Rs 5 on final call)and company demand the the value of
application & first allotment i.e. Rs. 5 but person who
purchase one share pays Rs 2 only in stead of Rs.5.So Rs.3
will be calls in Arrear.

Is This Answer Correct ?    27 Yes 5 No



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