Many public companies provide in their articles for an allottee to give up the 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…..

Related MCQs

• When a large block of shares has been allotted to a single person, the company may at his request, divide the original allotment letter into a number of small allotment letters. This is called
• The return of allotment must be filed with the registrar of companies within………….. of allotment
• The Companies (Amendment) Act 1988 provide that the companies should furnish along with the application form for shares or debentures, an………….instead of complete prospectus.
• The statement in lieu of prospectus must be filed with the registrar at least ………before any allotment of shares is made.
• The number and nominal amount of shares allotted must be stated in……
• Maximum managerial remuneration permissible under the Companies Act, 1956 for public limited companies is.
• …………….transfer whereby the transferor hands over to the buyer the share certicate and a blank transfer deed.
• Unless the articles provide for the retirement of all directors at every annual general meeting, at least ………of the total number of directors retire by rotation.
• The document which invites the public for subscribing capital in the form of shares and debenture is called.
• Quorum for general meeting for private and public companies.