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A company offers 2,00,000 shares but gets applications for 1,90,000. It allots
A10,000 shares
B1,90,000 shares
C3,90,000 shares
D2,00,000 shares
Answer & Solution
Correct answer: B. 1,90,000 shares
Allotment is confined to the shares actually applied for, which is 1,90,000.
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