Question

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.

Answer 1

Regret letter

• A Letter of regret from the company to a share applicant informing him that no shares have been allotted to him.
• The contents of a letter of regret are

a.The name of the share applicant

b.The number of shares applied for

c. The statement that the applicant could not be allotted any shares

d. The amount of application money refunded and

e. The particulars of the refund order.

• It need not be preserved because it has no exchange value.
• This letter is sent along with a cheque (i.e. refund order) for refund of the application money.
• This letter does not give any right to the applicant.
• This letter is sent to the applicant when no shares could be allotted to him.