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In case of "over subscription" the director of the company has the power to deal the situation in which of the following manner? -

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Question

In case of "over subscription" the director of the company has the power to deal the situation in which of the following manner?

Options

  • Acceptance in full and totally reject the others

  • Pro-rata allotment

  • Combination of the above both alternatives

  • All of the above

MCQ

Solution

All of the above.

shaalaa.com
Accounting Treatment for Share Capital
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