Return as to allotments - allotment of shares , Business Law and Ethics

Return As To Allotments:

Section 54 (1) provides that whenever a company limited by shares or a company limited by guarantee and having a share capital makes any allotment of its shares, the company shall, within sixty days thereafter, then there deliver to the registrar for registration -

i) A return of the allotments (on Form No.213), stating:

                            a)      the number and nominal amount of the shares allotted,

                            b)      the names, addresses and descriptions of the allottees, and

                            c)       the amount, if any, paid or due and payable on each share.

ii)  In the case of shares allotted as fully or partly and paid up otherwise than in cash, hence a contract in writing constituting the title of the allottee to the allotment together with any contract of sale, or for services or other consideration in respect of which that allotment was made, all that contracts being duly stamped, and a return (on Form No.213) stating the number and nominal amount of shares so allotted, the extent to which they are to be treated as paid up, and the consideration for the allotment.

Posted Date: 1/12/2013 3:14:50 AM | Location : United States







Related Discussions:- Return as to allotments - allotment of shares , Assignment Help, Ask Question on Return as to allotments - allotment of shares , Get Answer, Expert's Help, Return as to allotments - allotment of shares Discussions

Write discussion on Return as to allotments - allotment of shares
Your posts are moderated
Related Questions
What are the Stages in Policy Process The traditional textbook approach to the study of public policy separates policy making into its component steps and analyzes each in turn.

QUESTION 1 In the exercise of its disciplinary power an employer can terminate an employee's contract. Should an employer decide not to terminate the contract of employment, wh

Authority of Precedent - Statement of Salmond There writing on the authority of the precedent Salmond has stated as follows like; "The importance of judicial precedent has

Discuss the roles of law and courts in today''s business environment. •Compare and contrast the federal court structure with your Florida''s court structure. •Discuss the concept

Legal Protection  - significant instances: There are however a few but significant instances in which the Companies Act and the general law prescribe certain legal limits on t


Holder or Other Holder in Due Course The holder of a bill of exchange who that does not come within the statutory definition of such a holder in due course holds that the bill

What is the Stability of the EMU banking sector Low currency risk, external balance and the stability of the EMU banking sector and financial markets are club goods whose benef

State in brief about the term - Reputations Reputations can be defined as the actions an agent and expected to take. If he takes it up, he establishes his reputation or otherwi

QUESTION 1 (a) What are the essential elements for a valid contract as stipulated by article 1108 of the Civil Code (CCM)? (b) How can consent be vitiated in relation to con