Which of the following statement is are true i In case of over subscriptions of shares excess applic...........

Which of the following statement is/are true?

(i) In case of over subscriptions of shares, excess applications may be rejected and shares may be allotted to the remaining applicants as full.

(ii) In case of over subscriptions of shares, shares may be allotted to all the applicants on pro-rata basis.

(iii) In case of over subscriptions of shares, some of the applications may be rejected and shares may be allotted to the remaining

applicants on pro-rata basis.

Only (1) and (ii)

Only (ii)

Only (ii) and (iii)

All (i), (ii) and (iii)

All (i), (ii) and (iii)

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