Based on the following passage, answer questions from 41 to 45:A Ltd with an Authorised Capital of is divided into shares of each, issued shares at a premium of per share payable as follows:On Application: per shareOn Allotment: per share (including premium)On First and Final call: Balance amountApplications were received for shares and the directors allotted shares to all on a proportionate (pro-rata) basis. All money was received except the first and final call from Hari who had applied for shares. His shares were forfeited and later half of his forfeited shares were reissued at per share as fully paid up.Question: Identify the total number of shares with which A Ltd is registered.
- AShares
- BShares
- CShares
- DShares
Solution & Step-by-step Explanation
The registration value represents the Authorised Share Capital.