Home › CA Inter › law › Prospectus and Allotment of Securities › Allotment of shares made without receiving the m…
Allotment of shares made without receiving the minimum subscription is regarded as:
Aa bonus issue
Ban irregular allotment
Ca valid allotment
Da buy-back
Answer & Solution
Correct answer: B. an irregular allotment
Allotment without minimum subscription is irregular.
Related questions
Allotment of shares is essentially the ___ of the applicant's offer by the company:The minimum application money on shares in a public issue is generally prescribed as a perA prospectus that is false in a material particular at the time of issue can attract ___ lIf a company does not receive the minimum subscription within the prescribed time, the appThe variation in the terms of a contract referred to in the prospectus generally requires A public company making a public offer must ensure the securities are listed on a recognisIf a prospectus includes a statement purporting to be by an expert who is not engaged or iA document offering shares for sale to the public is required to be registered with the: