What is 'allotment of shares'?
Allotment means accepting the applications of the applicants and distributing the shares to them. After the acceptance, the company allots the shares via share certificates. The share certificate contains the details about the number of shares allotted to the applicant. Shareholders pay the prescribed allotment money for getting the shares allotted.
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Solution What is ‘Allotment of Shares’? Concept: Share Capital - Issue and Allotment of Equity Shares.