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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
  • 1 answers

Gaurav Seth 6 years, 8 months ago

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

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