Question

Write a letter of regret.

Answer 1

When the share issue is oversubscribed, shares may not be allotted to all share applicants. The applicants to whom shares are not allotted are informed about the rejection of their share applications through­ this letter. A refund order is sent in order to return share application money. The letter of allotment and the letter of regret are issued simultaneously. The regret letter need not be preserved. 

Letter of Regret 

Star Industries Ltd.

50/A, Kasarwadi, Pimpri-Pune

Tele No.24371235http://WWW starind.in 

Ref: D/34/2012

Mr.C.R.Girase                                          15th May 2012

15/Green Field Apt.,

Saki Vihar Road, Mumbai-72

Sub: Rejection of Share Application

 Sir, 

             I am directed by the board of directors to inform you that your share application No. AE224613 for 100 equity share of 710 each has been rejected due to the oversubscription of the share issue. 

Particulars about your application are given below: 

Application No.	Refund order No.	No.of shares applied	No.of shares allotted	Amount received with the application	Refund amount
AE224613	B/3214	100	Nil	Rs.250	Rs.250

We thank you for the interest which you have shown in our company. Kindly acknowledge the receipt of the refund order and oblige 

Thanking you,                                 

Yours faithfully,

For star Industries Ltd 

sd/- 

Secretary

 

Encl: Refund order.