Gamma Ltd. issued 25,00,000 equity shares of 10 each at par. The issue was fully underwritten
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Gamma Ltd. issued 25,00,000 equity shares of ₹ 10 each at par. The issue was fully underwritten by
Alpha ---- 40%;
Beta ---- 40%;
Zeta ---- 20%. Applications were received for 24,00,000 equity shares. The marking on the applications were as:
Alpha ---- 13,00,000 shares;
Beta ---- 7,00,000 shares;
Zeta ---- 2,50,000 shares. The under-subscription of 1,00,000 shares will be taken up as:
(a) Alpha ---- 40,000; Beta ---- 40,000; Zeta ---- 20,000;
(b) Alpha ---- Nil; Beta ---- Nil; Zeta ---- 1,00,000;
(c) Alpha ---- 33,334; Beta ---- 33,333; Zeta ---- 33,333;
(d) Alpha ---- 1,00,000; Beta ---- Nil; Zeta ---- Nil;
(e) None of the above.
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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