if company issued share of rs 10 of which application is of rs 3, allotment of rs 4 ,1 st call of rs 1 and final call of rs 2
so can we pay the money as lumpsum mean 10 rs in a single time
It is the company policy. Company can issue share on First payed, first allot basis and here you can pay lumpsum if their policy allows. But this will be injustice to other enthusiasts. So they allot shares on prorate basis. Under these circumstances, they dont collect anything else apart from application money because they have to give the money back incase if shares cannot be allotted to them.
CAclubindia
