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Subjects>Math>Geometry

What is the effect of irregular allotment of shares?

Anonymous

∙ 14y ago

Updated: 4/28/2022

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

Wiki User

∙ 14y ago

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