Top 150+ Solved Regulatory Framework for Companies MCQ Questions Answer
Q. When a large block of shares has been allotted to a single person, thecompany may at his request, divide the original allotment letter into a number of small allotment letters. This is called
a. splitting of allotment
b. return of allotment
c. renunciation of allotment
d. irregular allotment
Q. Many public companies provide in their articles for an allottee to give upthe right over the shares allotted to him either wholly or partly and transfer the allotment made to him to some other person. This is known as…..
a. splitting of allotment
b. return of allotment
c. renunciation of allotment
d. irregular allotment
Q. The number and nominal amount of shares allotted must be stated in……
a. splitting of allotment
b. return of allotment
c. renunciation of allotment
d. irregular allotment
Q. The return of allotment must be filed with the registrar of companieswithin………….. of allotment
a. 30 days
b. three months
c. 60 days
d. six months