Practice question

MCQ

Question

If applicants for 80,000 shares were allotted 60,000 shares on pro rata basis, the shareholder who was allotted 1,200 shares must have applied for

Options

Choose one · Correct answer highlighted

900 shares 3,600 shares 1,600 shares Correct 4,800 shares

Explanation

1,600 shares company accounts correct; share issue forfeiture pro-rata per Companies Act.

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