An extract of Balance Sheet of Airrath Aviation Ltd., comprises of: Equity Share Capital: ₹30,00,000 of ₹50 each 12% Preference Share Capital: ₹5,00,000 of ₹500 each 14% Debenture capital: ₹15,00,000 of ₹500 each Ascerta
CS Executive · Securities Laws and Capital Markets · PYQS · June 2022
An extract of Balance Sheet of Airrath Aviation Ltd., comprises of: Equity Share Capital: ₹30,00,000 of ₹50 each 12% Preference Share Capital: ₹5,00,000 of ₹500 each 14% Debenture capital: ₹15,00,000 of ₹500 each Ascertain the maximum equity share capital and the number of equity shares that can be bought back in the present case.
Answer & Explanation:
Ascertainment of maximum equity share capital of Airrath Aviation Ltd., that can be bought back- = ₹30,00,000 x 25/100 = ₹7,50,000 Maximum number of equity shares of Airrath Aviation Ltd., that can be bought back- = ₹7,50,000 / ₹50 = 15,000 equity shares
Topics: Corporate Actions
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