The shares are oversubscribed when the number of shares applied by the shareholders is equal to the number of shares offered for subscription.

Question

Fill in the blanks:

1.The shares are oversubscribed when the number of shares applied by the shareholders is equal to the number of shares offered for subscription. 

2. Partial Allotment means allotment to the shareholders is made on a proportionate basis.

Answer 1

1. False

2. True