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TMI BlogFINANCIAL STRUCTURE AND MEMBERSHIP – V – ALLOTMENT AND CERTIFICATE OF SECURITIESX X X X Extracts X X X X X X X X Extracts X X X X ..... apital of a company of a certain number of shares to persons who have made applications for shares - Section 75 A person should agree in writing to become a member - Section 41 The Company intending to offer shares to the public for subscription by the issue of a prospectus shall, before such issue, make an application to one or more recognized stock exchange for permission for shares or Debentu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f a single share, must be filled with the Registrar of Companies within thirty days of the allotment. In case of default every officer of the company who is in default. Each Share of the Share Capital of the Company shall be distinguished with a distinct number for its individual identification - Section 83 Issue of Duplicate Share Certificate - Section 84(4) In case of lost or destroyed or ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er the MOA and AOA is a debt due for him to the Company - Section 36(2)
The power to make calls is exercised by the Board in its meeting by means of a resolution - Section 292(1)(a)
Payment in advance of Calls - Section 92
No return of allotment in respect of re-issue of Forfeited Shares - Section 75(5) - No return of allotment of the shares re-issued need to be filed with the Registrar X X X X Extracts X X X X X X X X Extracts X X X X
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