Application and allotment of shares
This query is : Resolved
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.
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.
12 July 2011
you can allot it propotionately fully or reject disorder i.e. partial propotionately eg 100000/260000*40000=15380 approx like this.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITR 4 and Bank transactions
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Cash balance limit and property purchases limit
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
