Examples of Allotment Committee in a sentence
The Issue & Allotment Committee of the Board considers and approves issue and allotment of shares under agreed scheme e.g. Rights Issue, Bonus Issue, Capitalization or any other scheme as approved by the Board.
The Board has also constituted an Allotment Committee for allotment of equity shares or any other instrument convertible into equity shares.
The requirement is only indicative and can be changed on the recommendation of the Shop Allotment Committee (SAC).
Venkat Ramana, Company Secretary and Compliance Officer, acts as Secretary to the Debentures Allotment Committee.
The Allotment Committee has been formed to complete the formalities relating to allotment of securities and to authorise officials of the Company to file forms and returns with regulatory authorities.