Anticraft Ltd. invited applications for 2,00,000 shares of ₹10 each at ₹2 premium, payable as ₹3 on application, ₹6 on allotment (including premium) and ₹3 on call. Public had applied for 2,70,000 shares out of which applications for 20,000 shares were rejected and remaining were allotted on pro-rata basis. Rahul who has been allotted 8000 shares failed to pay allotment and call money. His shares were forfeited and later on 6,000 of these shares were re-issued @ ₹8 per share as fully paid-up.
Based on the above information, answer Questions.
Identify the number of shares applied by Rahul.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 10,000 shares
Shares applied by the pro-rata applicants = 2,70,000 − 20,000 = 2,50,000
Shares allotted to them = 2,00,000
Pro-rata ratio = 2,00,000 : 2,50,000 = 4 : 5 (4 shares allotted for every 5 applied)
Rahul’s application = 8,000 × 5/4 = 10,000 shares
NCERT (2026-27 edition): NCERT (2026-27 edition):
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