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Question
Letter of ______ is sent to applicants who have been given shares by the company.
Options
Regret
Renunciation
Allotment
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Solution
Letter of Allotment is sent to applicants who have been given shares by the company.
Explanation:
A Letter of Allotment is sent by a company to those applicants who have been allotted shares. It informs them about the number of shares allotted and the amount payable.
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RELATED QUESTIONS
A ____________ is an indivisible unit of share capital.
(a) debenture
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(c) bond
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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.
Write a word or a term or a phrase which can substitute the following statement.
Committee set up to decide the formula for allotment of shares in case of over subscription.
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.
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?
Arrange in proper order.
- Forfeiture of shares.
- Calls on shares.
- Allotment of shares.
Explain the following term/concept.
Allotment of shares
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.
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.
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What is allotment of Share?
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Find the odd one.
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Find the odd one.
