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1.Allotment is valid with min fine to BOD
- Allotment made with out min application money
- Allotment made before expiry of 5th date
- Allotment is made without issuing prospectus and state lieu of prospectus
to ROC
2.Voidable option to allottee.
3.Void
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∙ 13y ago
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Is a trapezoid regular or irregular?
Irregular.
What are the names of irregular polygons?
"Irregular polygon" seems just fine for me."Irregular polygon" seems just fine for me."Irregular polygon" seems just fine for me."Irregular polygon" seems just fine for me.
Is a parallelogram a regular or irregular shape?
irregular
Is a obtuse triangle regular or irregular?
It is irregular
Is daisy flower regular or irregular?
irregular
What is the procedure of allotment of shares?
what is the procedure of allotment of shares?
What is the procedure for allotment of shares?
what is the procedure of allotment of shares?
What is the position of an applicant for shares bofore allotment and after allotment of shares?
Before allotment of shares position is Applicant. He doesnt owner of the company. He do not have any rights on company profits and he is not liable for company liabilities. After allotment of shares he become Share Holder. He has right to get company profits. He is the owner of company. He is liable of company liabilites to the extent of his shares.
What is the difference between issue of shares and allotment of shares?
An allotment of shares is the process in which a person is given the right to be included in the register of members within a specific company. An issuance of shares is when the person is actually issued the shares in which they are deemed entitled to.
What is Pro-rata allotment of shares?
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What is pro rata allotment of shares?
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What is Share Allotment?
The process of allocating shares between shareholders usually pro rata or according to some prior agreement. The allotment may have conditions, which must be satisfied before the shares are issued, eg payment for them. This precedes the actual issue of shares.
Define and explain issue and allotment of corporate finance?
issue is the companies issuing shares to the public. An allotment process is whereby the shares which have been applied for by the public are allotted to the share applicants in the percentage holding of the company that they have applied for
What is the the time period of allotment of share?
The time period of allotment of shares typically ranges from a few days to a few weeks after the closure of the initial public offering (IPO) or after the issuance of shares by a company. This period allows for the processing of applications, verification of payment, and allocation of shares to successful applicants.
Allotment of shares on pro rata basis?
Pro - rata allotment of shares is opted by the Company when there is an over-subscription. The excess application money is adjusted towards the sum due on allotment. We calculate the amount of Pro - rata in the following way: Suppose X Ltd invited applications for 1,00,000 shares and received applications for 1,50,000 shares. In this case the pro - rata is calculated as 1,50,000/1,00,000 = 3:2. Hence the Pro - rata is 3:2.
What do you mean by rights shares?
Right shares are the shares which are offered by the company to the existing shareholders.Simply stated the existing shareholders have a right to subscribe for the shares which are offered by the company after initial allotment until some special right is reserved for any other person by special resolution in this respect. Section 81 i.e Further issue of capital of companies act 1956 deals with this and it states that where at any time after the expiry of two years from the formation of a company or at any time after the expiry of one year from the allotment of shares in that company made for the first time after its formation, whichever is earlier, it is proposed to increase the subscribed capital of the company by allotment of further shares.
What are right shares?
Right shares are the shares which are offere by the company to the existing shareholders.Simply stated the existing shareholders have a right to subscribe for the shares which are offered by hte company after initial allotment until some special right is reserved for any other person by special resolution in this respect. Section 81 i.e Further issue of capital of companies act 1956 deals with this and it states that where at any time after the expiry of two years from the frmation of a company or at any time after the expiry of one year from the allotment of shares in that company made for the first time after its formation, whichever is earlier, it is proposed to increase the subscribed capital of the company by allotment of further shares.
