Question

Explain different types of shares. What procedure is to be followed for issue of shares by company.
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Answer 1

Answer:

Issue of Prospectus, Receiving Applications, Allotment of Shares are three basic steps of the procedure of issuing the shares. The process of creating new shares is known as Allocation or allotment. Let us see the two types of shares of a company and the procedure for issue of shares that a company must follow.