( Shares issued at Premium, Oversubscribed-Pro rata Allotment to some and no Allotment to the Rest).
Jaya Ltd. issued 60,000 shares of Rs. 10 each at a premium of Rs. 2 per share payable as Rs. 3 on application, Rs. 5 (including premium) on allotment and the balance on first and final call. Application, were received for 82,000 shares. The Directors resolved to allot as follows:
`{:("(a)","Applicants of 30,000 shares"," 20,000 shares,"),("(b)","Applicants of 50,000 shares", " 40,000 shares,"),("(c)","Applicants of 2,000 shares"," Nil."),(,,):}`
Ramesh, who had applied for 900 shares in Category (a) and Suresh, who was allotted 600 shares in Category (b) failed to pay the allotment money. Calculate amount received on allotment.