Application and allotment of shares
This query is : Resolved
Tarun Sharma
(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.
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.
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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