X Ltd. Issued a prospectus offering 200000 equity shares of Rs 10 each on the following terms: On Application Re 1 On allotment (Including Premium of Rs2) Rs 3 On first call Rs 4 On Final Call Rs 4 Subscriptions were received for 317000 shares on 23rd April and allotment made on 30th April was as under: Shares Allotted Allotments in full (two applicants paid in full on allotment in respect of 4000 shares each) 38000 Allotments of 2/3 of shares applied for 160000 Allotments of ¼ of shares applied for 2000
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