Mithas Limited was formed with share capital of ₹ 50,00,000 divided into 50,000 shares of ₹ 100 each. 9,000 shares were
₹ 30,00,000 company accounts correct; share issue forfeiture pro-rata per Companies Act.
Ref: NCERT Accountancy Class XII Chapter 6 Share Capital explains issue forfeiture reissue pro-rata allotment calls arrears accounting treatment Schedule III.