A company issued 4,000 equity shares of Rs. 10 each at par payable as under : On application Rs. 3, on allotment Rs. 2, on first call Rs. 4 and on final call Rs. 1 per share. Applications were recived for 13,000 shares. Applications for 3,000 shares were rejected and pro-rata allotment was made to the applicants for 10,000 shares. How much amount will be recieved in cash on first call ? Excess application money is adjusted towards amount due on allotment and calls.
A. Rs. 6,000
B. Nil
C. Rs. 16,000
D. Rs. 10,000
