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Question
______ is a proof of title to shares.
Options
Share Certificate
Register of Member
Letter of Allotment
Solution
Share Certificate is a proof of title to Shares.
Explanation:
Share Certificate is a registered document issued by a company which is an evidence of ownership of specified number of shares of the company. Share certificate is a prima facie evidence of title to shares. If any dispute about membership arises, the share certificate will be held as evidence and not the entries in the Register of Members.
RELATED QUESTIONS
Write notes on Contents of the share certificate.
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.
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?
