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                                    Each as followsMahindsa & co. mode an offers of 100.000 equity shares of Rs 10 each payable as follows.on application Rs 2; on allotment Rs.3; on first call Rs.2.50; and onSecond Call Rs2-50.Applications were received for 1.60,000 shares and allotments weremade on porata to the applications of 1,20,000 shares the remaining applications being defected and money tofunded. Appleby the allottees was adjusted withtion money paid in excess by the allottees coasthe money due to an allotment | 
                            
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