Question

what is difference between IRREGULAR SHARE ALLOTMENT & ILLEGAL SHARE ALLOTMENT ?​

Answer 1

Answer:

Explanation:

An allotment which is not made after complying with the statutory requirements cited above, shall be considered as an invalid allotment and is void. But an irregular allotment is not an invalid allotment or a void allotment. An irregular allotment is only voidable at the instance of the allottee.

Answer 2

Answer:

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Explanation:

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