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 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.
