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Allotment of Shares

Which letters...

Question

Which letters are sent to the shareholders to whom shares have been allotted ?

A

None of the above

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B

Letters of appreciation

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C

Letters of allottment

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D

Letters of regret

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Solution

The correct option is C
Letters of allottment

Letters of allottment are sent to the shareholders to whom shares have been allotted.

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Similar questions

State the following statement is True or False:

A letter sent to the applicant to whom shares are not allotted is known as Letter of Allotment.

The applicants who are allotted shares will be sent ___________ letter.

Q. Write a word/term/phare which can substitute the following statements:
A letter informing the applicant that the shares have not been allotted to him.

Q. Varun Ltd. issued ₹ 10,00,000 shares of ₹ 100 each at a premium of ₹ 20 for subscription payable as:

₹ 10 per share on application,
₹ 40 per share and ₹ 10 premium on allotment, and
₹ 50 per share and ₹ 10 premium on final payment.

Over-payments on application were to be applied towards amount due on allotment and over-payments on application exceeding amount due on allotment was to be returned. Issue was oversubscribed to the extent of 13,000 shares. Applicants for 12,000 shares were allotted only 1,000 shares and applicants for 2,000 shares were sent letters of regret. All the money due on allotment and final call was duly received.
Pass necessary entries in the company's books to record the above transactions. Also, prepare company's Balance Sheet on completion of the above transactions.

Q. _________ refers to that part of subscribed capital which has actually been paid by the shareholder to whom shares has been allotted.

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