X Ltd. had allotted 20,000 shares to the applicants of 28,000 shares on pro rata basis....
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X Ltd. had allotted 20,000 shares to the applicants of 28,000 shares on pro rata basis. The amount payable on application is Rs 2. Mr. P applied for 840 shares. The number of shares allotted and the amount carded forward for adjustment 840 against allotment money due from Mr. P =? A 120 shares; Rs 240 B C D 680 shares; Rs 320 640 shares, Rs 400 600 shares; Rs 480 X Ltd. had allotted 20,000 shares to the applicants of 28,000 shares on pro rata basis. The amount payable on application is Rs 2. Mr. P applied for 840 shares. The number of shares allotted and the amount carded forward for adjustment 840 against allotment money due from Mr. P =? A 120 shares; Rs 240 B C D 680 shares; Rs 320 640 shares, Rs 400 600 shares; Rs 480
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Correct option is D Pro rata is a situation when amount on excess share is refunded Sh... View the full answer
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