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Question
Answer in one sentence.
What is the minimum application money to be collected by company as per the Companies Act?
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Solution
As per the Companies Act, the minimum application money to be collected by the company is 5% of the nominal value of shares.
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RELATED QUESTIONS
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?
Select the correct answer from the options given below and rewrite the statement.
The ______ have the power to allot shares.
Letter of ______ is sent to applicants who have been given shares by the company.
State whether the following statement is true or false.
Allotment of shares must be done within one month of receipt of application money.
Complete the sentence.
Letter sent to applicants for informing them shares are allotted is called as ______
Complete the sentence.
When applications received are more than the number of shares offered, it is called as ______
Answer in one sentence.
What is the time limit to issue share certificate on allotment of shares?
Answer in one sentence.
What is the time limit for filing Return of Allotment with the Registrar on allotment of shares?
Arrange in proper order.
- Forfeiture of shares.
- Calls on shares.
- Allotment of shares.
Arrange in proper order.
- Return of allotment
- Application form
- Minimum subscription
Explain the following term/concept.
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:
- Should the company set up allotment committee?
- How should the company inform the applicants to whom the company is alloting shares?
- Within what period should the company issue share certificate?
Answer in brief.
State the general principles/rules for allotment of shares.
Justify the following statement.
Company has to fulfill general principles/rules for allotment of shares.
Explain briefly the procedure for allotment of shares.
Arrange in proper order:
(a) Allotment of shares
(b) Application of shares
(c) Share certificate
Find the odd one.
Find the odd one.
Find the odd one.
Find the odd one.
What is allotment of Share?
Find the odd one.
Find the odd one.
Find the odd one.
Find the odd one.
