26 : Chitinoor Ltd. invited applications for 2,00,000 shares of Rs 10 each payable Rs 3 on application, Rs 5 on allotment (including Rs 1 premium) and balance on call. Applications were received for 3,00,000 shares out of which 20% applications were rejected and remaining were allotted on pro-rata basis. Rohan, an applicant of 12,000 shares failed to pay allotment money and Mohan holding 8,000 shares paid the entire money along with allotment. Subsequently the call was made, all the money was duly received except from Rohan. Later on, company issued a notice to Rohan to pay the balance in 15 days failing which his shares would be forfeited. Rohan cleared his dues within the stipulated time period. Journalise.
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