Allotment &tranfer

ALLOTMENT & TRANFER OF SHARES

PROVISIONS TO ALLOTMENT OF SHARES     

1) Proper Authority. 2) Reasonable time. 3) Communication. 4) Absolute and unconditional. 5) Revocation.

Provisions Relating To Allotment  1) When no public offer is made .  2) when public offer is made.

When Public Offer Is Made  1) First allotment of shares.  2) Subsequent allotment of shares.

First Allotment Of Shares       

1) Registration of prospectus [sec. 60 (1)] 2) Minimum subscription 3) Application money [sec.69(3)] 4) Effect of irregular allotment [sec.69 or 70] 5) Opening of subscription list[sec.72] 6) Shares to be dealt in on a stock exchange. 7) Returns as to allotment [sec. 75]

Subsequent Allotment Of Shares  All provisions applicable to the First subscription applies except : 1) Minimum subscription [sec. 69 (1)]  2) Deposit of application money in the scheduled bank [sec. 69 (4)]

Transfer Of Shares

Provisions Of Act Relating To Transfer [sec. 108 to 112] 1) Instrument of transfer [sec. 108(1)] 2) Prescribed form [sec.108(1-A)] 3) Transfer by legal representatives (sec. 109) 4) Application for transfer (sec. 110) 5) Refusal by the company to register transfer [sec. 111(2)]  6) Appeal against refusal to transfer [sec. 111(3) to (9)]     

Powers Of Directors To Reject Transfer

Certification Of Transfer

Effects Of Transfer

Priority Between Transferees  1) First to secure position.  2) Earlier in point of time.

Forged Transfer

Blank Transfer

Gift Of Shares

Thanx!!!