Business Studies, asked by agarg9815, 8 months ago

ABC Ltd Issues Rs 1000000 Shares For Public Subscription But Got Application Gor Rs 500000 Share Can ABC Ltd Allot Shares To There Applicant's Give. Reason

Answers

Answered by sugumar73

Answer:

ABC Limited Company has issued 10,0000 shares to the public and the company has received applications for 500000 shares from the public. ... However, one should bear in mind that the company can not allocate shares to the company with minimum membership criteria as per the Companies Act, 1956.

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