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Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable as
follow:
On Application Rs. 4 per share
On Application Rs. 3 per share
and Balance on 2 calls
The issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to
60,000 shares while remaining were returned.
Q. Total applications received are for:
  • a)
    90,000 shares
  • b)
    50,000 shares
  • c)
    40,000 shares
  • d)
    60,000 shares
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 ...
Company wants to issue = 40000 shares
Add Shares over subscribed by = 50000
Total application received = 90000 shares.
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Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. Total applications received are for:a)90,000 sharesb)50,000 sharesc)40,000 sharesd)60,000 sharesCorrect answer is option 'A'. Can you explain this answer?
Question Description
Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. Total applications received are for:a)90,000 sharesb)50,000 sharesc)40,000 sharesd)60,000 sharesCorrect answer is option 'A'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. Total applications received are for:a)90,000 sharesb)50,000 sharesc)40,000 sharesd)60,000 sharesCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. Total applications received are for:a)90,000 sharesb)50,000 sharesc)40,000 sharesd)60,000 sharesCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. Total applications received are for:a)90,000 sharesb)50,000 sharesc)40,000 sharesd)60,000 sharesCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
Here you can find the meaning of Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. Total applications received are for:a)90,000 sharesb)50,000 sharesc)40,000 sharesd)60,000 sharesCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. Total applications received are for:a)90,000 sharesb)50,000 sharesc)40,000 sharesd)60,000 sharesCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. Total applications received are for:a)90,000 sharesb)50,000 sharesc)40,000 sharesd)60,000 sharesCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. Total applications received are for:a)90,000 sharesb)50,000 sharesc)40,000 sharesd)60,000 sharesCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Raj Ltd. was registered with 70,000 equity shares. They issued 40,000 equity shares @ 10 each payable asfollow:On Application Rs. 4 per shareOn Application Rs. 3 per shareand Balance on 2 callsThe issue was over subscribed by 50,000 shares. The directors decided upon making prorata allotment to60,000 shares while remaining were returned.Q. Total applications received are for:a)90,000 sharesb)50,000 sharesc)40,000 sharesd)60,000 sharesCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.
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