Monday, May 27, 2013

Statutory Books and Registers under Companies Act, 1956 -REGISTER OF ALLOTMENT

Section and Name  Section 69-75 REGISTER OF ALLOTMENT

Format
The register should contain the following particulars in respect of each class of 
shares, each series of debentures and each class of any other securities: folio 
number, name, address and occupation of the applicant; number of securities 
applied for; date of application; application number; amount paid on application; 
date and mode of payment; mode of allotment; date of allotment; allotment 
number; number of shares taken up by the subscribers to the memorandum; 
amount due on allotment; date and mode of payment; number of securities 
allotted; and date and amount of refund, if any.


Where to Kept
The register should be maintained at the registered office of the company.


Inspection
The register should be kept open for inspection during the business hours 
of the company, subject to such reasonable restrictions as the company 
may impose by its articles or in general meeting so that not less than 2 hours 
in each working day of the company are allowed for inspection.                                                                                          
Members or debenture holders can inspect the register without payment 
 of any fee.


Authentication
Entries in the register should be authenticated by the secretary of the company 
or by any other person authorized by the Board for the purpose, by appending
 his signature to each entry. 


Preservation
The register should be preserved permanently and should be kept in the 
custody of the secretary of the company or any other person authorized by the
 Board for the purpose. 


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