Allotment &Tranfer

ALLOTMENT & TRANFERALLOTMENT & TRANFER OF OF

SHARES SHARES

PROVISIONS TO ALLOTMENTPROVISIONS TO ALLOTMENT OF SHARESOF SHARES

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

Provisions Relating To AllotmentProvisions Relating To Allotment

1) When no public offer is made .1) When no public offer is made .

2) when public offer is made.2) when public offer is made.

When Public Offer Is MadeWhen Public Offer Is Made

1) First allotment of shares.1) First allotment of shares.

2) Subsequent allotment of shares.2) Subsequent allotment of shares.

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

Subsequent Allotment Of SharesSubsequent Allotment Of Shares

All provisions applicable to the First All provisions applicable to the First subscription applies except :-subscription applies except :-

1) Minimum subscription [sec. 69 (1)]1) Minimum subscription [sec. 69 (1)]

2) Deposit of application money in the 2) Deposit of application money in the scheduled bank [sec. 69 (4)]scheduled bank [sec. 69 (4)]

Transfer Of SharesTransfer Of Shares

Provisions Of Act Relating To Provisions Of Act Relating To Transfer [sec. 108 to 112]Transfer [sec. 108 to 112]

1) Instrument of transfer [sec. 108(1)]1) Instrument of transfer [sec. 108(1)] 2) Prescribed form [sec.108(1-A)]2) Prescribed form [sec.108(1-A)] 3) Transfer by legal representatives (sec. 109)3) Transfer by legal representatives (sec. 109) 4) Application for transfer (sec. 110)4) Application for transfer (sec. 110) 5) Refusal by the company to register transfer 5) Refusal by the company to register transfer

[sec. 111(2)][sec. 111(2)] 6) Appeal against refusal to transfer [sec. 6) Appeal against refusal to transfer [sec.

111(3) to (9)]111(3) to (9)]

Powers Of Directors To Reject Powers Of Directors To Reject TransferTransfer

Certification Of TransferCertification Of Transfer

Effects Of TransferEffects Of Transfer

Priority Between TransfereesPriority Between Transferees

1) First to secure position.1) First to secure position.

2) Earlier in point of time.2) Earlier in point of time.

Forged TransferForged Transfer

Blank TransferBlank Transfer

Gift Of SharesGift Of Shares

Thanx!!!Thanx!!!