In a public issue of shares,the procedure to be adopted in the case of an oversubscription is normally specified in the prospectus.

Name: In a public issue of shares,the procedure to be adopted in the case of an oversubscription is normally specified in the prospectus.
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This statement is true. The prospectus will typically outline the process for allocating shares in the event of an oversubscription, including any pro-rata allocation approach or lottery system that will be used.

In a Public Issue of Shares,the Procedure to Be Adopted