Unique Pictures Limited was registered with an authorised capital of Rs. 5,00,000, divided into 20,000, 5% preference shares of Rs. 10 each and 30,000 equity shares of Rs. 10 each. The company issued 10,000 preference and 15,000 equity shares for public subscription. Calls on shares were made as under:
Equity Shares | Rs.

• Application: 2
• Allotment: 3
• First Call: 2.50
• Second and Final Call: 2.50

Preference Shares | Rs.

• Application: 2
• Allotment: 3
• First Call: 2.50
• Second and Final Call: 2.50

All these shares were fully subscribed. All the dues were received except the second and final call on 100 equity shares and on 200 preference shares.