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!!!