English

Select the correct answer from the options given below and rewrite the statement. The ______ have the power to allot shares.

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Question

Select the correct answer from the options given below and rewrite the statement.

The ______ have the power to allot shares.

Options

  • Director

  • Board of Directors

  • Company Secretary

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Solution

The Board of Directors have the power to allot shares.

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Allotment of Shares
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Chapter 3: Issue of Shares - EXERCISE [Page 61]

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Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 3 Issue of Shares
EXERCISE | Q 1. A) 10. | Page 61

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?


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Appropriation of shares to an applicant.


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Committee set up to decide the formula for allotment of shares in case of over subscription.


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


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


Arrange in proper order.

  1. Forfeiture of shares.
  2. Calls on shares.
  3. Allotment of shares.

Arrange in proper order.

  1. Share certificate
  2. Allotment letter
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Answer in brief.

State the general principles/rules for allotment of shares.


Explain the statutory provisions for allotment of shares.


Explain briefly the procedure for allotment of shares.


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(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


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