Allotment of Shares

By | June 15, 2017
share certificate

Last Updated on 2 months by Admin LB Introduction Offers for shares are made on application forms supplied by the company. When an application is accepted, it is an allotment. A valid allotment has to comply with the requirements of the Act and principles of the law of contract relating to acceptance of offers. Statutory restrictions on Allotment...

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Author: Mayank Shekhar

Mayank is a student at Faculty of Law, Delhi University. Under his leadership, Legal Bites has been researching and developing resources through blogging, educational resources, competitions, and seminars.