Share Capital 69
Royal Ltd. invited applications for issuing 2,00,000 equity shares of Rs. 10 each at a premium of 25% payable with application. Applications for 4,50,000 shares were received. Applications for 1,00,000 shares were rejected and money refunded. Pro-rata allotment was made to the remaining applicants. The amount per share was payable as follows: On Application : … Read more