What is pro-rata allotment of shares? – InterviewSolution

1.	What is pro-rata allotment of shares?
Answer» When shares are allotted against the share application, in face or in some proportion or no share allotted then it is known as prorate allotment of shares. In this situation, excess amount received at the time of application will be credited to share allotment A/c and if amount is still in excess, then it will be credited to share calls and then remaining amount is returned to applicants.

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