Return of allotment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2014 Company incorporated in year 2012 but does not submitted return of allotment.
In year 2013 the shareholder of company are changed and no complainces related to it was filled with ROC. Now company want to made all the complainces. What is the procedure and formalities we have to complied with?

Ankur Garg

Ankur Garg (Expert)
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31 July 2014 Subscribers of MOA are deemed shareholders of the company. They don't need to take shares. As soon as they subscribe the MOA & file it with ROC along with other incorporation documents they become the members as well as shareholders of the company. Appreciate further have you ever filed form-2 for the subscribers? The answer would be No. That itself is a kind of proof that no allotment is required to be made to the subscribers.

Form-2 is not required to be filed for subscribers hence no formal allotment is required in case of subscribers. They are deemed members and shareholders of the Company.

For pending compliances I would suggest you to take the services of a professional firm of CA or CS.

Thanks