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 “Loans and advances granted’ by a company will be considered, as which type of activity while preparing Cash Flow Statement. (C.B.S.E. 2018, Comptt.) October 6, 2022 What is the purpose of allowing interest on partners’ capital? September 26, 2022 Give the average period, in months, for charging interest on drawings of a fixed amount withdrawn at the beginning of each quarter. October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
“Loans and advances granted’ by a company will be considered, as which type of activity while preparing Cash Flow Statement. (C.B.S.E. 2018, Comptt.) October 6, 2022
Give the average period, in months, for charging interest on drawings of a fixed amount withdrawn at the beginning of each quarter. October 7, 2022