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
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Free lancer income
- What is provisional receipt number for generation of form 16A
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- TDS related Query_Liquidated Damages
- Form 27Q Correction statement taking too long to update on IT Portal
- NON- SUBMISSION OF LLP FORM 3
- Regarding IMS Mandatory from 1st July 2026
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
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
