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| MGT211 Assignment Solution 1 Spring 2023 – VU Assignment Download File |
MGT211 Assignment Solution 1 Spring 2023
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аs sооn аs роssible.
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сheсk eасh аnd everything befоre submitting yоur аssignments.
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Case
Alpha and Gamma are friends since their childhood. They have
got whole of their education in every school jointly. Recently, both of them
have graduated from a local business school getting degrees in business
management. After this graduation, they decided to start a business of online
car rental. For that purpose, they got developed a mobile application named
Carg that can be run on all Android and Apple smart phones. Further, they
shared their business plan with a professional promotor to setup a new business
entity. With all the necessary documentation, the new entity has been
successfully registered on 5th
of January 2023 with the SECP as a limited liability company in the name of
Alpha Limited. It was registered with the capital of Rs. 500,000 divided into
25,000 ordinary shares of Rs. 20 each. On 20th
of January, the new company offered 15,000 shares at par to the general public.
On 23rd of January, the company’s bank
informed it that application money on 14,500 shares has been received from the
general public in the company’s bank account. Alpha’s management allotted
shares to all the applicants on 31st
of January, 2023.
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JazakaAllah