Xyz company issued 60000 shares of ₹100 each at a premium of ₹10 an application rupees 50 including premium rupees 5 on allotment rs 30 including premium rupees 5 on first and final call balance the company receive application for 18000 shares directors decided to reject the application money received on 8000 shares and the access application was adjusted to allotment
Answers
Answered by
0
the director cannot reject the application for share . its not fully suscribed
Similar questions