Share Allotment
The process of issuing new shares to existing or new shareholders in exchange for capital legally recorded through MCA filings to update the company's shareholding structure.
WHAT YOU NEED
Key steps
- ✓Board resolution approving the allotment
- ✓Offer letter to shareholders (Form PAS-4, if private placement)
- ✓File Form PAS-3 with MCA within 30 days of allotment
- ✓Issue share certificates to allottees
