Allotment of shares

Business Compliances
1

Which form is required to be filed to allot shares?

2

Hi @Nandana

e-Form PAS-3 is to be filed with RoC. If the allotment is through Private Palcement, PAS-3 is required to be filed within 15 days of allotment and in case allotment is made to public at large, within 30 days of allotment.

Hope this helps!

3

What attachments are required with PAS-3

4

Hi @Nandana

PAS-3 is the return of allotment to be filed with RoC once the allotment of shares is made. Certified true copy of board resolution and a list of allottees must be attached with PAS-3.

Hope this helps!

5

Hi @Aishwarya_Shah can you pl tell me if form PAS-3 is required for a Sec-8 company.
Also can you clarify what are the forms required to be filed for a Sec-8 company in the first year of operations.

Many thanks in Advance…!!

Regards.

6

Who shall sign a share certificate?

7

Hi @emmy

When shares are issued by a Company, the share certificate must be signed by at least two directors or one director and the company secretary, if appointed.

Hope this helps!

8

Is there any other way to file PAS-3 if number of allotment exceeds 5?

9

@Sakshi_Shah1 can you help?

10

Hi @Farzeen

Whenever any company makes any allotment of shares or securities, it is required to file a return of allotment in e-Form PAS-3 to Registrar on mca portal with the complete list of allottees to whom the securities have been issued.

As per the Instruction Kit of filing PAS-3, details of maximum five such allotments can be filed through this eForm. However, if the total number of allotments is more than five, then file another eForm
PAS-3 for remaining such allotments.

Read more about it here - Instruction Kit PAS-3

11

What is the relevance of No. of Allotments? For example: If an entity has issued 100 Preference shares and 50 debentures to one entity and 100 debentures to another entity. How many allotments would that be considering that all these were part of same Private Placement offer? 1 or 2 or 3?

12

Hey @Bharti_Vasvani can you please help here

13

Hey @Gowtham_Raj,

In this case, 2 allottments will be considered, preference share allotment will be considered as one allotment and another as debenture.

Hope this helps!

14

Hi @Nandana Can 2 directors and One CS can sign the share certificate or not in case of private company?

15

Can 2 Directors and 1 Company Secretary can sign the share certificate or not?

16

Hi @harshjain

A share certificate should be signed by either 2 company directors or 1 director and a company secretary.