Issue of shares at prorata basis

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 March 2012 Sir,i wanted to know about issue of shares in prorata basis

16 March 2012 When the Company Receives Application more than the Issued capital then Company will use the method called Prorata basis.
Ex: Issued capital say 10,000 shares but application received from public is for 20,000 then Company uses the prorata ratio as For Every 2Share 1 share.



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