Application and allotment of shares
This query is : Resolved
17 May 2011
If a company issued 1lac equity shares and against its we have received 260000 shares in following order:
1. 10000 shares are in disorder
2. 40000 shares in lots of 100 shares;
3. 120000 shares in lots of exceeding 100 but less than 500 shares;
4. 60000 shares in lots of exceeding 500 but less than 1000 shares
5. Balance in lots of exceeding 1000 shares.
In which equation company will allot the shares.
1. 10000 shares are in disorder
2. 40000 shares in lots of 100 shares;
3. 120000 shares in lots of exceeding 100 but less than 500 shares;
4. 60000 shares in lots of exceeding 500 but less than 1000 shares
5. Balance in lots of exceeding 1000 shares.
In which equation company will allot the shares.
12 July 2011
you can allot it propotionately fully or reject disorder i.e. partial propotionately eg 100000/260000*40000=15380 approx like this.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
