What are the provisions relating to returns as to allotments?


0

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.

  1. 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.
  2. 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.


Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected].

3 Comments


Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140

Facebook comments:

This Website Is For Sale. Email us an offer we cannot refuse on [email protected] :)

X
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format