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     EduGorilla 
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    XY LTD. issued 25,000 equity shares of Rs. 100 each at a premium of Rs. 15 each payable as Rs. 25 on application, Rs. 40 on allotment and balance in the first call. Applications were received for 75,000 equity shares but the company issued to them only 25,000 shares. Excess money was refunded to them after adjustment for further calls. Last call on 500 shares was not received and shares were forfeited after due notice. This is the case of

    Options :-

    1. over subscription
    2. pro-rata allotment
    3. forfeiture of shares
    4. All of the above
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Reply To: XY LTD. issued 25,000 equity shares of Rs. 100 each at a premium of Rs. 15 each payable as Rs. 25 on….
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