Explain the following term/concept.Allotment of Shares – InterviewSolution

1.	Explain the following term/concept.Allotment of Shares
Answer» Allotment means the distribution of shares among the applicants. It means giving shares to share applicants of to specific persons with whom the company has entered into the contract. Allotment of shares is a procedure in which shares are distributed to those applicants who have submitted a written application along with the application money.

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