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Question
Briefly explain the term 'Return of Allotment'.
Briefly explain the term 'Return of Allotment'.
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Solution
In the promotion stage of a company, the promoters are required to submit the name and addresses of the shareholders along with the number of shares allotted to them. The statement that contains this information is known as ‘return of allotment’.
In the promotion stage of a company, the promoters are required to submit the name and addresses of the shareholders along with the number of shares allotted to them. The statement that contains this information is known as ‘return of allotment’.
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