State the steps other than rejecting applications that a company can take in case of over-subscription. Post category:Accountancy Reading time:1 mins read SOLUTION (i) To make pro-rata allotment to the remaining applicants; or (ii) Accepting some applications in full and alloting the remaining on pro-rata basis. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostDistinguish between ‘Over-Subscription’ and ‘Under-Subscription’. Next PostD Ltd. invited applications for issuing 10,00,000 equity shares of Rs. 10 each. The public applied for 8,55,000 shares. Can the company proceed for the allotment of shares? Give reason in support of your answer. (C.B.S.E. 2014. Outside Delhi). You Might Also Like Following is the extract of the Balance Sheet of Neelkant and Mahadev as on 31st March, 2019. Balance sheet as at 31st March, 2019 July 21, 2022 What are Current Assets? October 1, 2022 When is interest received considered as financing activity? October 6, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Following is the extract of the Balance Sheet of Neelkant and Mahadev as on 31st March, 2019. Balance sheet as at 31st March, 2019 July 21, 2022