HSC Commerce (Marketing and Salesmanship) 12th Board ExamMaharashtra State Board
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What is ‘Allotment of Shares’? - HSC Commerce (Marketing and Salesmanship) 12th Board Exam - Book Keeping and Accountancy

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Question

What is 'allotment of shares'?

Solution

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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APPEARS IN

 2013-2014 (October) (with solutions)
Question 1.1.4 | 1.00 mark
Solution What is ‘Allotment of Shares’? Concept: Share Capital - Issue and Allotment of Equity Shares.
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