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

Related MCQs

• 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…..
• The number and nominal amount of shares allotted must be stated in……
• The return of allotment must be filed with the registrar of companies within………….. of allotment
• The statement in lieu of prospectus must be filed with the registrar at least ………before any allotment of shares is made.
• A company which has not commenced operation or which is not in operation or has no assets to dive is called……….company.
• A company comes into legal existence as a person on.
• Under section 269, every public company and a private company which is a subsidiary of a public company must have a managing director or a whole time director if its paid-up share capital is.
• A public company may be wound up by the Tribunal if the number of its members is reduced below …………
• Converting a public company into a private company requires a special resolution.
• When a winding up order has been made by the tribunal but there is no liquidator, the property of the company vests in the ……………….. .