Read the following text. Star plus Ltd issued for public subscription 1,50,000 shares of the value of Rs.100 each at a premium of Rs.20 per share payable as follows. On application -Rs.20(including premium of Rs.5 per share) On allotment -Rs.60(including premium of Rs.15 per share) On First & final call- The balance. The company received applications for 3,00,000 shares and allotment was made as follows. a) To the applicants of 30,000 shares -10,000 shares. b) To the applicants of 1,40,000 shares -80,000 shares. c) To the remaining applicants -60,000 shares.Hari, a shareholder who had applied for 7,000 shares of group (b) failed to pay allotment and call money. Rohan, a shareholder, who was allotted 1,000 shares of group (a) paid the full amount along with allotment. Hari’s shares were forfeited after the call has been made. Of these 3,000 shares were reissued to Suman for Rs.150 per share as fully paid. 1. Assertion (A): Star plus Ltd can use Securities Premium received is capital profit and can be transferred to Capital Reserve. Reason (R): Companies Act, 2013 specified the specific purposes for which securities premium reserve can be utilised.2. Assertion (A): Hari got allotment of 4000 shares on pro-rata basis under group (b) Reason (R): Hari failed to pay Rs.24,000(=Rs.60x4000) on allotment 3. Assertion (A): Rohan need not to pay when First & final call made. Reason (R): Rohan paid full amount of Rs.60000 along with allotment 4. Assertion (A): Amount forfeited on Hari’s shares is Rs.1,20,000 Reason (R): Profit on reissue of Hari’s shares is transferred to capital reserve(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) (B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A) (C) Assertion (A) is true but Reason (R) is false. (D) Assertion (A) is false but Reason (R) is true.