Advertisements
Advertisements
प्रश्न
Study the following case/situation and express your opinion.
| Shing Metal Ltd. Company has recently come out with its public offer through FPO. Their issue was over-subscribed. Now the Boord of Directors wants to start the allotment process. Please advise the Board on: |
- Should the company set up an allotment committee?
- How should the company inform the applicants to whom the company is allotting shares?
- Within what period should the company issue a share certificate?
उत्तर
- In this case, the board of directors wishes to begin the allotment process immediately. As a result, the company must form an allotment committee. The allotment committee will determine the basis for allotment and report to the board of directors.
- A resolution to allot shares is passed at the board meeting. Following the adoption of the resolution, the secretary must issue a Letter of Allotment to the applicants to whom the company is allocating shares.
- Within two months of the date of allotment, the company should issue a share certificate.
APPEARS IN
संबंधित प्रश्न
Write notes on Contents of the share certificate.
______ is a proof of title to shares.
Write a word or a term or a phrase which can substitute the following statement.
Document which is a prima facie evidence of ownership of certain shares of a company
Share certificate is issued for partly or fully paid up shares.
Complete the sentence.
In case the original Share Certificate is torn or mutilated, company can issue ______
Answer in one sentence.
What is a share certificate?
Correct the underlined word and rewrite the following sentence.
Duplicate share certificate must be issued within one month from date of application.
Explain the following term/concept.
Share certificate
Justify the following statement.
A company can issue duplicate share certificate.
