A company invited applications for 25,000 equity shares of Rs 10 each and received 30,000 applications...

 

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A company invited applications for 25,000 equity shares of Rs 10 each and received 30,000 applications along with the application money of Rs 4 per share. Which of the following alternatives can be followed? I. Refund the excess applications. II. Make pro rata allotment to all the applicants, and refund the excess application money. III. Not to allot any shares to some applicants, full allotment to some of the applicants and pro rata allotment to the rest of the applicants. IV. Not to allot any shares to some applicants and make pro rate allotment to other applicants. V. Make pro rata allotment to all the applicants and adjust the excess money received towards call money. A company invited applications for 25,000 equity shares of Rs 10 each and received 30,000 applications along with the application money of Rs 4 per share. Which of the following alternatives can be followed? I. Refund the excess applications. II. Make pro rata allotment to all the applicants, and refund the excess application money. III. Not to allot any shares to some applicants, full allotment to some of the applicants and pro rata allotment to the rest of the applicants. IV. Not to allot any shares to some applicants and make pro rate allotment to other applicants. V. Make pro rata allotment to all the applicants and adjust the excess money received towards call money.

Answer rating: 100% (QA)

the following alternative can be followed All I II III IV and V When a corpora... View the full answer