Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question-2 ( 6 Marks) The registered capital of L&T Global SAOG is OMR 4,000,000 which is divided into 4,000,000 shares. For public subscription, the company
Question-2 ( 6 Marks) The registered capital of L&T Global SAOG is OMR 4,000,000 which is divided into 4,000,000 shares. For public subscription, the company offered 3,000,000 shares for which they received applications for 3,500,000 shares. The company decided to allot 3,000,000 shares and rejected the remaining share application for 500,000 shares. The company called up OMR 0.600 per share and company received the entire amount except the amount on 2000 shares. You are required to Calculate and discuss the amount of different categories of share capital such as authorized capital, issued capital, subscribed capital, called up capital, paid up capital etc, and also prepare the abstract of SFOP Question-3_( 4 Marks) CMS SAOG has in issue 8 million shares of OMR 0.500 each as on the beginning of the year 2019. The company shares are currently traded in the market at a price of OMR 2 each. The company management has decided to execute a 1-for-2 reverse stock split. You are required to show and discuss the effect of such stock split and also calculate the Market capitalization before and after reverse split
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started