In case of oversubscription of shares, who decides the basis of allotment of shares?

The Company Company in consultation with SEBI. Company in consultation with ROC. Company in consultation with with the stock exchange authorities as per the guidelines laid down by the stock exchange.

Company in consultation with with the stock exchange authorities as per the guidelines laid down by the stock exchange.

In case, the issue is over-subscribed, the basis of allotment has to be decided in consultation with the stock exchange authorities as per the guidelines laid down by the stock exchange.