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What a Company will do when there is under-subscription of shares? - Accounts

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Question

What a Company will do when there is under-subscription of shares?

Very Short Answer
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Solution

In this situation, the company can move on with allocating the requested shares as long as the requirement of a minimum subscription of 90% of the issued amount has been met.

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Chapter 6: Company Accounts - Issue of Shares - SHORT ANSWER QUESTIONS [Page 6.148]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 6 Company Accounts - Issue of Shares
SHORT ANSWER QUESTIONS | Q 31. | Page 6.148
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