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Chinubhai Chunilal Ltd. issued 30,000 shares with a complex allotment process due to oversubscription, resulting in various allotments based on application sizes. K Co. also faced a similar situation with a large number of applications and had to forfeit shares from applicants who defaulted on payments. ABC Limited and another company experienced similar issues with share allotments, forfeitures, and reissues, leading to transfers to capital reserves.

Author

ayushjha0615

Language

EN