Question

Elite Ltd invited applications from public for 500000 equity shares was made as :100percent shares to applicants of 400000, 50 percent shares to applicants of 200000 shares ,no allotment to applicants of 50000 shares Application for 650000 shares were received . Allotment of shares was made as folllows:

Answer 1

500000 equity share
400000= 400000 alloted
200000=100000 alloted
50000=refund
total application recived 650000

Answer 2

500000 equality share

400000=400000 alloted

200000=100000alloted


500000refund



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