1. LETTER OF ALLOTMENT
This letter informs a share applicant about allotment of shares. Intimation about allotment money due from allottee is also given in this letter. Allotment Receipt with perforation is attached with this letter.
This letter contains the following information
i) Reference number of share application and the number of shares applied for.
ii) Number of shares allotted
iii) Amount payable on allotment
iv) The due date for the payment of allotment money
v) Place of payment
vi) Interest to be charged on allotment money received after the due date
vii) Consequences of non payment of allotment money
viii) The letter of allotment is duly dated, stamped. and signed by proper authority.
Letter of allotment has to be preserved by the allottee as the share certificate is issued by the company in exchange of this letter.