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Question
Study the following case/situation and express your opinion.
Silver Ltd. Company has recently come out with its public offer through FPO. Their issue was over subscribed. The Board of Directors now wants to start the allotment process. Please advise the Board on:
- Should the company set up allotment committee?
- How should the company inform the applicants to whom the company is alloting shares?
- Within what period should the company issue share certificate?
Solution
- Yes, the company should set up allotment committee. The allotment committee will decide the basis of allotment and submit a report to the board.
- The company should inform the applications to whom it is allotting shares by issuing letter of allotment or allotment advice.
- The company should issue share certificates within two months from the date of allotment of shares.
RELATED QUESTIONS
A ____________ is an indivisible unit of share capital.
(a) debenture
(b) share
(c) bond
Write a word or a term or a phrase which can substitute the following statement.
Appropriation of shares to an applicant.
Write a word or a term or a phrase which can substitute the following statement.
Committee set up to decide the formula for allotment of shares in case of over subscription.
State whether the following statement is true or false.
Allotment of shares must be done within one month of receipt of application money.
Find the odd one.
Complete the sentence.
Letter sent to applicants for informing them shares are allotted is called as ______
Answer in one sentence.
What is the time limit to issue share certificate on allotment of shares?
Answer in one sentence.
What is the time limit for filing Return of Allotment with the Registrar on allotment of shares?
Correct the underlined word and rewrite the following sentence.
Letter of Allotment is sent to applicants when no shares are allotted to them.
Arrange in proper order.
- Share certificate
- Allotment letter
- Application form
Arrange in proper order.
- Return of allotment
- Application form
- Minimum subscription
Explain the following term/concept.
Allotment of shares
Answer in brief.
State the general principles/rules for allotment of shares.
Justify the following statement.
Company has to fulfill general principles/rules for allotment of shares.
Explain the statutory provisions for allotment of shares.
Explain briefly the procedure for allotment of shares.
Arrange in proper order:
(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
Find the odd one.
Find the odd one.
Find the odd one.
Find the odd one.
Find the odd one.
Find the odd one.
Find the odd one.
