Question

anyone knows about prorota topic from shares chapter

Answer 1

Hi friend 

I know abt prorata concept in shares . 

Prorata allotment of share used when shares received more than shares issues to public .such excess shares are allotted proportionately to the no of shares applies .

for eg 100000 shares issues but received 150000 shares 
on pro rata basis received shares allotted  proportionately 
80000 shares applied - fully allotted    
20,000 shares applied  - 16,000 shares allotted  
10,000 shares applied -  4,000 shares allotted  

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