ALLOTMENT LETTER REGRET LETTER
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| Sr. No | point | Allotment Letter | Regret Letter |
| 1. | Meaning | A letter of allotment is intimation from the Company to the applicant that certain number of shares applied for by him, have been allotted. | It is a letter from the company to an applicant informing him that no shares could be allotted to him in respect of his application for shares. |
| 2. | Preservation | The allottee has to preserve the letter of allotment in order to exchange it against the share certificate. | The letter of regret need not be preserved as it has no value for the receiver. |
| 3. | Occasion | It is issued by the company when the shares are allotted to the applicant in response to the public issue or rights issue of the company. | It is issued when the company could not allot any shares to the applicant who has applied for the shares in response to a public issue of the company. |
| 4. | Contents | It states that certain number of shares is allotted, and that the amount in respect of allotment, if any, should be paid within a particular period. | The content of the letter of regret indicates that the number of shares allotted as nil, and the amount of refund order. |
| 5. | whom to sent | It is sent to the share applicants to whom shares are allotted. | It is sent to the applicants who are not allotted shares. |
| 6. | Enclosures | If the shares are fully allotted, then a refund order for the unalloted shares is enclosed. The share certificates may also be enclosed. | The letter of regret is enclosed or attached with a refund order for the amount paid by the applicant, in respect of share application money. |
| 7. | Right/Effect | The letter of allotment confers the right of membership on the allottee | The application does not get any membership right. |