Question

what is prorata 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. ... It receives applications for 20000 shares......

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Answer 2

Answer:

Pro-rata allotment refers to the allotment of shares in proportion of the shares applied for. ... It receives applications for 20000 shares. When the company decides to allot the shares at pro-rata basis, then it has to allot 10000 shares to the applicants of 20000 shares

Explanation:

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