PAS-3 Return of Allotment: Share Issue and Private Placement Controls
Share allotment creates a legal record, not just an investor cap-table update. PAS-3, registers, board approvals and private-placement controls must tell the same story.
For broader context, see the Rights, Bonus and Private Placement.
Section 39 and PAS-3 link
Section 39 includes that whenever a company having a share capital makes an allotment of securities, it shall file with the Registrar a return of allotment in such manner as may be prescribed.
For the connected rule, example or next step, see Board Meeting Calendar for Private Companies: Section 173 Controls.
Private placement control
Section 42 covers issue of shares on private placement basis and should be reviewed where securities are offered to identified persons rather than through public offer mechanics.
For the connected rule, example or next step, see LLP Partner Admission and Resignation: Form 3 and Form 4 Controls.
Allotment file checklist
| Document | Purpose |
|---|---|
| Board/shareholder approval | Supports authority for issue/allotment. |
| Offer/application records | Supports terms and identified allottees. |
| Bank receipt of consideration | Supports money trail. |
| List of allottees | Basis for PAS-3 and register update. |
| Updated register of members/security holders | Permanent statutory record. |
Finin2min warning
Official sources used
This article is intentionally source-limited to official MCA / India Code material. Verify final filing positions with the latest Act, Rules, MCA forms and portal advisories before publishing.
- India Code: Companies Act, 2013 — Section 39 Allotment of Securities
- India Code: Companies Act, 2013 — Section 42 Private Placement
- India Code: Companies Act, 2013 — Section 92 Annual Return
- India Code: Companies Act, 2013 official PDF
FAQs
It is the return-of-allotment filing route where a company with share capital makes an allotment of securities.
Section 39 covers allotment return, and Section 42 matters for private placement.
Yes. Statutory registers should match allotment filings and cap table.
Source and review trail
Use the current official instrument, portal or regulator publication before acting. This panel separates the category authority from page-specific references.
- Primary category
- Companies Act & MCA
- Official starting point
- www.mca.gov.in
Page source links
- India Code: Companies Act, 2013 official PDF
- India Code: Companies Act, 2013 — Section 39 Allotment of Securities
- India Code: Companies Act, 2013 — Section 42 Private Placement
- India Code: Companies Act, 2013 — Section 92 Annual Return
- Companies Act, 2013 and subordinate legislation on India Code
- MCA notifications and circulars