Returns as to Allotment: after the allotment of the shares by any company a return of Allotment in the prescribed form must be filed with the Registrar of Companies within 30 days of the allotment.
- Where shares are allotted cash: Return must state the number of shares, nominal amt. of the share, address, occupation of the allottee, amt. paid or payable for each share.
- Where shares other than bonus shares are allotted otherwise than in cash:
Return should contain:
(i) A written contract constituting title of the allottee of the share.
(ii) The contract of sale or for service or other consideration for which the allotment was made.
(iii) The number of such share than the nominal amount of the shares, amount paid or payable in form of consideration for such allotted shares.
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