Forums
Back
Liquidation of companies
Accountancy
In question they 70 being called and paid up Then why in answer they take 30 as called up value
Answers (1)
The liability of a B list contributory is restricted to the amount not called up when the shares were transferred For example,. If face value of a share is 100 Paid up -75 Maximum amount to be called - 25 They don't need to pay more than the face value of a share
