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Allotment of Shares

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Topics

description

  • Provisions/Conditions for Allotment of Shares
  1. Statutory Provisions
  2. General principles
  • Procedure for Allotment of Shares
  1. Appointment of Allotment Committee
  2. Hold Board Meeting to Decide Basis of Allotment
  3. Pass Board Resolution for Allotment
  4. Collection of Allotment Money
  5. Arrangement Relating to Letters of Renunciation
  6. Arrangement Relating to Splitting of Allotment Letters
  7. File Return of Allotment
  8. Prepare Register of Members and Issue Share Certificate
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