Question

Draft a letter of allotment of shares to the applicant.

Answer 1

To,

  Mr.xyz

Addresse

Sub : Issue of 5000 equity shares of 25 each

Sir,

With reference  to your application no.123343 dared 10/03/19, we are pleased to inform you that the board of directors by their adopted board meeting held on dated .... have alloted you 100 shares of each 25 bearing number  .

The shares have been alloted by the rules laid down by the securities and exchange  board  of india (SEBI ) and Bombay stock exchange . You are requested to pay a sum of rs. 500 of the amount due on allotment  to the company bankers before 31 april 2019.

Please note that share certificate will be issued in exchange of this letter of allotment and the reciept for allotment money paid.

Thanking you,

                                                                                             Yours faithfully ,