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Solution:- (i) Minimum subscription is 70,000 × 90% = 63,000 shares. The application is received ₹ 1,89,000 Thus number of shares on which application is received is 1,89,000/3 = 63,000 shares. Thus the company should allot the shares to the…

Solution:- Note: As the minimum subscription of 70000 × 90% = 63,000 shares is not received. Thus, all application money is to be returned to the subscribers.

Solution:-   Note:- As Minimum Subscription 25000 × 90% = 22500 shares is not received. Thus application money is refunded.

Solution:- As Minimum subscription 50000 × 90% = 45000 shares is not received. Thus, application money is refunded.

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