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Application and allotment of shares

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(Querist)
17 May 2011 If a company issued 1lac equity shares and against its we have received 260000 shares in following order:
1. 10000 shares are in disorder
2. 40000 shares in lots of 100 shares;
3. 120000 shares in lots of exceeding 100 but less than 500 shares;
4. 60000 shares in lots of exceeding 500 but less than 1000 shares
5. Balance in lots of exceeding 1000 shares.

In which equation company will allot the shares.
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
12 July 2011 you can allot it propotionately fully or reject disorder i.e. partial propotionately eg 100000/260000*40000=15380 approx like this.
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