Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

return of allotement

Pawan Singhal (chartered accountant) (655 Points)

02 April 2009

in return of allotement whether we have to write share issued to director which is mentioned in m/a and a/a .if pvt. ltd. co. issue first time share on primium to other party and issue share to director on face value then what amount to be written in form no.2

Reply
Follow
Share

1 Replies

Gargi Ranade (CS) (619 Points)
Replied 03 April 2009

Hi Pawan! Return of allotment is not required to file for shares allotted at the time of incorporation ,as subscriber to the memorandum of association becomes entiteled to and liable for shares as mentioned against respective names of the subscribers named in the memorandum .There is no allotment as such and the memorandum itself is a contract .since there is no allotment, it is not necessary to file return of allotment when shares are issued to subscribers to the memorandum of association.