Determine the amount to be transferred to Capital Reserve on reissue of Rahul's Shares

The correct option is Nil.

Let us understand why the amount to be transferred to the Capital Reserve on the reissue of Rahul's shares is Nil (zero):

1. Forfeiture vs. Reissue of Shares: When a shareholder fails to pay the call money, their shares are forfeited, and the amount already paid by them is transferred to the Share Forfeiture Account.
When these forfeited shares are reissued, any discount allowed on their reissue is debited to the Share Forfeiture Account.
If there is a surplus left in the Share Forfeiture Account after the reissue, that surplus is transferred to the Capital Reserve Account.

2. Condition for Capital Reserve Transfer: A transfer to the Capital Reserve only occurs after the forfeited shares have been reissued. If the forfeited shares are not reissued, or if the discount allowed on reissue equals or exceeds the forfeited amount, or if the reissue has not taken place at all, there will be no transfer to the Capital Reserve for those shares.
Specifically, if Rahul's shares have not been reissued yet, or if the entire amount forfeited on his shares is absorbed by the discount on reissue, the amount transferred to the Capital Reserve specifically from the reissue of Rahul's shares will be Nil.