Answer in one sentence. What is the time limit to issue share certificate on allotment of shares? - Secretarial Practice

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One Line Answer

Answer in one sentence.

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

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Solution

The time limit to issue a share certificate on the allotment of shares is of maximum 2 months.

Concept: Allotment of Shares
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Chapter 3: Issue of Shares - Exercises [Page 64]

RELATED QUESTIONS

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.


Write a word or a term or a phrase which can substitute the following statement.

Appropriation of shares to an applicant.


State whether the following statement is true or false.

Allotment of shares must be done within one month of receipt of application money.


Find the odd one.


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 for filing Return of Allotment with the Registrar on allotment of shares?


Answer in one sentence.

What is the minimum application money to be collected by company as per the Companies Act?


Correct the underlined word and rewrite the following sentence.

Letter of Allotment is sent to applicants when no shares are allotted to them.


Arrange in proper order.

  1. Forfeiture of shares,
  2. Calls on shares.
  3. 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?

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


Arrange in Proper Order:

(a) Board Meeting

(b) Allotment of Debentures

(c) Board Resolution


Find the odd one.


Find the odd one.


Find the odd one.


Find the odd one.


Find the odd one.


Find the odd one.


Find the odd one.


Find the odd one.


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