Practicing Success
Where will excess money adjust if a lesser no of shares is allotted to the shareholder than applied by him? |
Returned to shareholder Adjusted in the bank account Adjusted in temporary account Adjusted in allotment money |
Adjusted in allotment money |
In case lesser number of shares have to be allotted, than those applied for the excess application money must be adjusted towards the amount due on allotment from the allottees. |