The question is incomplete, ending with "The Bod". I will assume the question asks for the calculation of the amounts received/due at each stage of the share issue process, considering the oversubscri

The question is incomplete, ending with "The Bod". I will assume the question asks for the calculation of the amounts received/due at each stage of the share issue process, considering the oversubscription and discount. I will also assume that the Board of Directors (BoD) decided to allot 15,000 shares on a pro-rata basis and adjust the excess application money towards allotment.

Given Information:

• Shares Issued: 15,000 shares
• Face Value per Share: Rs. 100
• Discount per Share: Rs. 10
• Issue Price per Share: Rs. 100 - Rs. 10 = Rs. 90
• Applications Received: 25,000 shares (Oversubscription)

Payment Schedule:

• On Application: Rs. 20
• On Allotment: Rs. 40
• On First and Final Call: Rs. 30
• Total per share: Rs. 20 + Rs. 40 + Rs. 30 = Rs. 90 (Matches issue price)

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Step 1: Calculate Application Money

• Application money received from applicants:

  $$\text{Application Money Received} = \text{Number of Applications} \times \text{Application Money per Share}$$ $$\text{Application Money Received} = 25,000 \text{ shares} \times \text{Rs. } 20/\text{share} = \text{Rs. } 500,000$$

• Application money due on shares allotted (transferred to Share Capital):

  $$\text{Application Money Due} = \text{Number of Shares Allotted} \times \text{Application Money per Share}$$ $$\text{Application Money Due} = 15,000 \text{ shares} \times \text{Rs. } 20/\text{share} = \text{Rs. } 300,000$$

• Excess application money:

  $$\text{Excess Application Money} = \text{Application Money Received} - \text{Application Money Due}$$ $$\text{Excess Application Money} = \text{Rs. } 500,000 - \text{Rs. } 300,000 = \text{Rs. } 200,000$$

  This excess amount will be adjusted against the allotment money.

Step 2: Calculate Allotment Money

• Allotment money due on shares allotted:

  $$\text{Allotment Money Due} = \text{Number of Shares Allotted} \times \text{Allotment Money per Share}$$ $$\text{Allotment Money Due} = 15,000 \text{ shares} \times \text{Rs. } 40/\text{share} = \text{Rs. } 600,000$$

• Cash to be received on allotment:

  $$$$