Issue of shares at prorata basis
This query is : Resolved
Querist : Anonymous
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.
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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