Question

State with the reasons whether the following statements are True or False:
Allotment receipt is attached with letter of Regret.

• A. True
• B. False

Answer 1

The correct option is B False

(i) Allotment receipt is attached with the letter of allotment.
(ii) Allotment letters informs about allotment of shares and the allotment money due.
(iii) Allotment Receipt informs about the receipt of all allotment money due.
(iv) Letters of Regret informs about rejection of the share application.
(v) So Refund Order is used in order to return share application money.
(vi) Thus Allotment Receipt is not attached with the letter of Regret.