Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Formation of a Company

Question:

The names and addresses of shareholders and the number of shares allotted to each is submitted to the Registrar in a statement called.......................

Options:

Return of qualification

Return of allotment

Return of shareholders

Return of company

Correct Answer:

Return of allotment

Explanation:

The correct answer is option 2- Return of allotment.

Certain professionals such as mercantile bankers, auditors etc., are appointed by the promoters to assist them in the preparation of necessary documents which are required to be with the Registrar of Companies. The names and addresses of shareholders and the number of shares allotted to each is submitted to the Registrar in a statement called return of allotment.