11th Class Business Studies Formation Of A Company

  • question_answer 23) Briefly explain the term 'Return of Allotment'.

    Answer:

    Return of Allotment is a statement submitted to the Registrar which contains the names and addresses of shareholders and the number of shares allotted to each shareholder. Return of allotment, signed by a director or secretary is filed with the Registrar of Companies within 30 days of allotment. Return of allotment shows that the company has received the minimum subscription.

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