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A.Ltd. issued 4,000, 9% Debentures of Rs.100 each on the following terms: 

Rs.20 on Application; 

Rs.20 on Allotment; 

Rs.30 on the First call; and 

Rs.30 on Final call. 

The public applied for 4,800 Debentures. Applications for 3,600 Debentures were accepted in full. Applications for 800 Debentures were allotted 400 Debentures and applications for 400 Debentures were rejected.

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