Refunding Remaining Application Money:
In the scenario where some application money is still left after adjusting for allotment and rejected applications, the company must follow the necessary steps to refund the remaining amount to the applicants.

Process for Refunding:
- Firstly, the company needs to identify the applicants who are eligible for a refund based on the criteria set during the application process.
- Next, the company should prepare a list of these applicants along with their refund amounts.
- The refund amounts should be calculated accurately, taking into consideration any deductions or fees that may apply.
- The company should then communicate with the eligible applicants regarding the refund process, including the payment method and timeline.
- Once the applicants confirm their details and preferences for the refund, the company can proceed with initiating the refund payments.
- It is important to ensure that all refunds are processed in a timely manner to maintain transparency and trust with the applicants.

Ensuring Compliance:
- It is essential for the company to follow all legal and regulatory requirements when refunding the application money.
- Proper documentation should be maintained for all refund transactions, including receipts and records of communication with the applicants.
- Any discrepancies or issues with the refund process should be resolved promptly to avoid any misunderstandings or disputes.
By following these steps and ensuring compliance with the necessary regulations, the company can successfully refund the remaining application money to the eligible applicants in a fair and transparent manner.