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प्रश्न
Guru Ltd. invited applications for issuing 5,00,000 equity shares of Rs 10 each at a premium of Rs 5 per share. Because of favourable market conditions, the issue was over-subscribed and applications for 15,00,000 shares were received
Suggest the alternatives available to the Board of Directors for the allotment of shares.
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उत्तर
The following three alternatives to the Board of Directors are:
a. Reject the excess application of 10,00,000 shares.
b. Allot shares to all the share applicants on pro-rata basis.
c. Reject few applications and allot shares on the proportionate basis to the remaining applicants.
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