sp 3 final

In case of procedure of allotment of shares first step is

• Hold board meeting

• Appoint allotment committee

• File return on allotment

• Collect allotment money

SEBI has stated minimum subscription to issue

• 60%

• 100%

• 95%

• 90%

Allotment shall be done within ____ days of receipt of application money

• 30

• 40

• 60

• 90

Right to renounce means

• Right to vote

• Enjoy

• give up

• Don't give up, work hard!

Share certificate must be distributed to shareholder within ____ months of allotment

• 1

• 2

• 3

• 4

Evidence of ownership in company

• FD

• Share certificate

• Letter

• No evidence needed

Share certificate must be be signed by ___ directors

• 5

• 1

• 2

• 3

how many days notice period to pay call money is given

• 7

• 14

• 21

• 24

Gap between two calls shall not be more than ___ months

• 1

• 2

• 3

• 4

What happens with excess money received on reissue of forfeited shares

• Company keeps it

• Donate it

• Paid back to member

• Spend it on what they like