From below, point out which of the following is not a requirement or condition needs to be complied with to make allotment of shares effective__________
A)Allotment by proper authority
B)Within reasonable time
C)Absolute and unconditional
D)Issuance of a certificate.

Question

Quizplus · Accepted Answer

The issuance of a certificate is not a requirement for the allotment of shares to be effective. The key requirements for an effective allotment include the allotment being made by proper authority, within a reasonable time, and on an absolute and unconditional basis. The issuance of a share certificate is a subsequent step that formally evidences the shareholder's title to the shares but is not a condition for the allotment itself to be effective.

From Below, Point Out Which of the Following Is Not