Question

Draff a letter of regret to the share applicant. 

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 rejection of their share applications through­ this letter. 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. 

Star Industries Ltd. 

50/A, Kasarwadi, Pimpri-Pune-411018

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

Ref: D/34/2012                                             15th May,2012

Mr. C.R. Girase

15/Green field Apt.,

Saki Vihar Road, Mumbaai-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 oversubscription of the share issue. 

Particulars about your application are given below:

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

         We thank you for the intrest which you have shown in our compaany kindly acknowledge the receipt of the refund order and oblige. 

Thanking you,                 

                                                          Yours Faithfully,

                                                for star industries Ltd. 

                                                                sd/- 

                                                            Secretary 

Encl:Refund order