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Study the following cases and express your opinion.Silver ltd. The company has recently come out with its public offer through FPO. Their issue was over-subscribed. The board of directors now wants to start the allotment process.(a). Should the company set up an allotment committee?(b). How should the company information to whom the company is allotting shares?(c). Within what period should the company issue a share certificate? |
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Answer» (a) Yes. The company should set up an allotment committee as the issue is over-subscribed so the Board has to set up an allotment committee. (b) The company should inform the applicants through a letter of allotment for allotting shares. (c) The company should issue share certificates within two months from the date of allotment. |
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