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ABC ltd.issued RS.10,00,000share for public subscription …

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ABC ltd.issued RS.10,00,000share for public subscription but got application for rupees 500000 share. Can ABC Ltd.allot shares to the other applicants. give reason

Posted by Riya Riya 5 years, 7 months ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 5 years, 7 months ago

No, because minimum subscription is 90% and ABC Ltd. got applications for 50% issue.

1Thank You

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