Multiple choice

Who is liable to compensate the company or the allottee for any loss, damage or cost suffered through irregular allotment?

  1. Shareholders

  2. Promoter

  3. Director

  4. Partner

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 Directors are reposible for the affairs of the company, including allotment. Hence Directors shall be held liable to compensate the company or the allottee for any loss, damage or cost suffered through irregular allotment.