Shakti Ltd. Issues 1,00,000 shares of ₹ 10 each for public subscription . Application (along with money) are received for 80,000 shares . Can the company allot these shares ? Explain .

Z Ltd. offered to public 80,000 shares for subscription. Applications were received for 1,30,000 shares and pro rata allotment was made to the applicants. X applied for 52,000 shares and Y was allotted 16,000 shares. On the basis of above information, calculate: (i) How many applications have been rejected? (ii) What is the pro rata ratio? (iii) How many shares were allotted to X ? (iv) How many shares were applied by Y ?

X Ltd. issued 20,000 shares of Rs. 10 each payable as follows: On application Rs. 6 and balance on allotment. Applications were received for 32,500 shares and pro rata allotment was made to the applicants of 25,000 shares. All the shareholders have paid the amount due up to allotment except X the allotted of 4,000 shares. (i) Calculate amount due but not paid by X. (ii) Calculate allotment money received later.