Nyra Ltd. issued 20,000 equity shares of Rs 100 each. The amount payable is as follows: Application Rs 60; allotment Rs 20 and the balance on the first and final call. The company received an amount of Rs 3,60,000 on the allotment. Calculate the number of shares on which Allotment money was not received.

1
400 shares
2
2,000 shares
3
6,000 shares
4
20,000 shares

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