Give 3 alternatives available to a company for the allotment of shares in case of over subscription.
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A. Reject the applications in full and refund the application money
B. Excess application money adjusted towards sum due on allotment
C. Allot the shares in pro-rata basis. For example, 3:5 i.e. three shares are allotted for every five shares issued.
B. Excess application money adjusted towards sum due on allotment
C. Allot the shares in pro-rata basis. For example, 3:5 i.e. three shares are allotted for every five shares issued.
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