Use the following information for questions given ahead: B Ltd. was registered with a share capital of Rs.2, 00, 00, 000 divided into equity shares of Rs.10 each. It issued Rs.1, 80, 00, 000 equity shares to the general public at par payable as to Rs.3 on application, Rs.3 on allotment and balance in 2 equal calls. The public had subscribed for 17, 00, 000 shares. Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 50, 000 shares, who did not pay the call money.