Allotment of Shares

Answer in one sentence.

What is the time limit to issue share certificate on allotment of shares?

Study the following case/situation and express your opinion.

Silver Ltd. Company has recently come out with its public offer through FPO. Their issue was over subscribed. The Board of Directors now wants to start the allotment process. Please advise the Board on:

1. Should the company set up allotment committee?
2. How should the company inform the applicants to whom the company is alloting shares?
3. Within what period should the company issue share certificate?

Answer in brief.

State the general principles/rules for allotment of shares.

Answer in one sentence.

What is the time limit for filing Return of Allotment with the Registrar on allotment of shares?

A ____________ is an indivisible unit of share capital.

(a) debenture

(b) share

(c) bond

Attempt the following :

What is letter of allotment of shares? What are its contents?

Find the odd one.

Complete the sentence.

Letter sent to applicants for informing them shares are allotted is called as ______