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Question :

On 1st April, 2019, amita  Ltd. issued 30,000 Equity Shares of  Rs. 10 each at a premium of  Rs. 4 per share, payable as follows:

 Rs. 6 on application (including  Rs. 1 premium),

 Rs. 2 on allotment (including  Rs. 1 premium),

 Rs. 3 on first call (including  Rs. 1 premium), and

 Rs. 3 on second and final call (including  Rs. 1 premium).

Applications were received for 45,000 shares, of which applications for 9,000 shares were rejected and their money was refunded. Rest of the applicants were issued shares on pro rata basis and their excess money was adjusted towards allotment.

Hari, to whom 600 shares were allotted, failed to pay the allotment money and his shares were forfeited after allotment. Mohan, who applied for 1,080 shares failed to pay the two calls and on his such failure, his shares were forfeited.

1,200 forfeited shares were reissued as fully paid-up on receipt of  Rs. 9 per share, the whole of Mohan's shares being included.

Question:- Amount due but not paid by hari at the time of allotment will be:

Option 1: Rs. 720

Option 2: Rs. 1,200

Option 3: Rs. 480

Option 4: Nil