Question

what is the name of this tap system? No spam pls​

Answer 1

Answer:

Oriental Ltd.issued 5,000 Equity shares of 10 cach at a premium of 2 per share

payable as 3 per share on application, 5 per share on allotment (including premium

and 2 per share on first and final call each. Applications for 8,000 shares were

received and allotment was made pro-rata to applicants of 7,500 shares, the application

Explanation: