Briefly explain the term ‘Return of Allotment’. - Vidyadip

Question

Briefly explain the term ‘Return of Allotment’.

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Answer

Return of Allotment is a statement submitted to the Registrar which contains the names and addresses of shareholders and the number of shares allotted to each shareholder.
Return of allotment, signed by a director or secretary is filed with the Registrar of Companies within 30 days of allotment.
Return of allotment shows that the company has received the minimum subscription.

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