Question

Write short notes on the following:
(1)pro-rata allotment of shares

Answer 1

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Answer 2

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If the promoters of a company are reputed for their successful promotional successes, the applications are received for more than shares offered under prospectus (over-subscription). They may allot full shares to some of applicants refuse allotment to others, accord partial allotment to someone. This way of allotting shares shows favour to someone and disfavour to others

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