Question

What is Pro rata Allotment..???

Answer 1

Answer:

Pro-rata allotment refers to the allotment of shares in proportion of the shares applied for. When a company makes pro-rata allotment, it adjusts the excess money received at the time of application firstly, towards the allotment and then towards calls. ... Hence, an applicant for 2 shares will receive 1 share. Answer

Answer 2

Answer:

Pro-rata allotment refers to the allotment of shares in proportion of the shares applied for. When a company makes pro-rata allotment, it adjusts the excess money received at the time of application firstly, towards the allotment and then towards calls. ... Hence, an applicant for 2 shares will receive 1

Explanation:

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